Ed Milliband has hit the ‘nail’. However wittily and amusing Mr Hislop seems when describing ‘Red Ed’ or how crass and bombastic the Daily Mail gets regarding his parentage he has hit that nail. The personal insults thrown at him by many so-called superior minds plus those who can only insult him by comparing his looks to Wallace, Ed Milliband has struck a chord with the British public. His remarks regarding a cost of living that leaves people at the bottom of the social and economic ladder taking a hit, whilst the middle classes suffer disproportionately to those who can afford to run away to a tax haven, are on target. The likes of international companies who look for a country with a tax regime that suits their needs shows what we are up against.
Many large power companies have a unique way of carrying out their business’s. They sell the basic raw material be it gas or oil, to themselves irrespective of the cost of extracting it. They charge the spot wholesale price, this is of course, after speculators have forced the price up, so that they can make a fat profit using cheap money supplied by the central banks. The banks call it quantitive easing but in reality they are lending money to the very wealthy at zero percent interest, you try to get a mortgage at that rate they will laugh at you.
Most of the monopoly industries are supposed to be regulated, so why is it that they only make noises and threats when they are threatened themselves? was it such a good idea to privatize everything? what was it Harold Macmillan Said, “sell off the family jewels”. What have the British people gained by handing over all our assets to International companies who’s only interest is the profit margin, perhaps it is time to re-nationalize these monopolies.
The government does not care if the vast majority of the population suffer economically because they are all very wealthy. Ed Milliband is driving the discussion on the cost of living. He is questioning the energy companies monopoly pricing, which is overlooked by a useless set of regulators who nod through price rises irrespective of the costs to the public. These companies – who purchase their raw materials on long-term contracts – are not being run properly. Today we hear that the gas companies have failed to conserve gas for the coming winter, why? so prices will have to go up and that means bigger dividends for their share holders. It seems that the regulators cannot do their jobs properly. Join Ed’s stand or get your thermals out……
(c) Michael Douglas Bosc