Doom and Gloom in the UK

[Corky Smeek]

We are all enduring a Cost of Living Crisis the like of which is generally only found in failed states. Whatever the cause(s) more and more people seem to be of the opinion that HMG have it within their power to mitigate the impact but have chosen not to. In other words the COLC is effectively government policy.

Martin Lewis has been saying this for some time now. Others have commented upon the massive profiteering by the energy companies and the deliberate lifting of price caps by HMG. Your government in Westminster is choosing to make you poor.

As a consequence we are all facing unnecessarily high energy costs. Stories of the price hikes hitting business are begining to emerge and it is clear that the situation is unsustainable in the long term. Yet still HMG is not prepared to intervene. The chart below shows just how much more we in the UK are paying for our electricity than our European neighbours (click image to enlarge). As I said, HMG could do something about this but choose not to.



But who does HMG point to as the reason for the woes afflicting us. Not profiteering multi-nationals. Not Russian oligarchs. Not China. Not their own incompetence and certainly not Brexit. Instead they blame folk on benefits.

https://twitter.com/PeterStefanovi2/...54433610289153



Even Neil Oliver, the one time poster boy of the British Establishment, is having to reconsider his position.




And I always thought that the first duty of any government was to safeguard the well-being of its population. How naive.

[matelot79]

Wonder why your image looks nothing like the one on this web site, fair enough it does not include the UK. Looks like the price in Germany has shot up 397 Euros in 1 day.

https://euenergy.live/

[matelot79]

Better still here is a link to where the data actually comes from. Still looks nothing like the figures your claiming.

https://www.epexspot.com/en/market-d...de=map&period=

[Goodfellers]

Corky, try reading more than just the National. It's a worldwide issue, not only confined to the UK https://moneyweek.com/economy/inflat...t-40-year-high

[Corky Smeek]

@ Goodfellers - Absolutely NOTHING I used in my original post came from The National. And, as usual you ignore the main point.

My point was, not that this is a UK-only issue but rather that HMG is doing nothing meaningful to mitigate its impact. This article from The Guardian details what some other countries are doing. As I said, HMG could be doing something about this but is choosing not to.

As to the map detailing electricity prices the second one matelot79 points to appears to be showing showing financial market statistics. If you give give a link to a specific chart that would be great.

[matelot79]

Looks like the same image, except the one you posted has been cropped to hide where it came from. Quote from their web site,

"EPEX SPOT offers a wide range of products and services, to trade across the entire value chain of electricity."

https://www.epexspot.com/en