Juice Terry

@HenricCont @sndofsatellites @barua_ashish That is a reduction in the rate of inflation, it has at no point been zero. It's curving upwards most recently as well.

@sndofsatellites @juiceterry87 @barua_ashish Looks like it’s coming down fast. The point is that a non monetary economy has zero inflation. So inflation is in itself a monetary phenomenon.

Every time I look at this chart, it just exposes how shallow mainstream economics really is when it comes to inflation. They keep hiding behind the lazy “money printing” myth, as if repeating it enough makes it true. Meanwhile, they completely ignore what’s actually driving these price explosions: corporate power, pricing control, privatisation of essentials, and deliberate policy choices. This isn’t ignorance anymore, it’s a convenient narrative. The so-called experts use it as a shield to protect market actors while everyday people get squeezed, with higher costs for healthcare, education, housing, and things you can’t opt out of. And somehow, they still want you to believe it’s all because “too much money” is in the system. No, it’s not about money supply. It’s about who has the power to set prices, and who’s forced to pay them.

@HenricCont @barua_ashish Sorry that's nonsense.

@barua_ashish Inflation is a monetary phenomenon. In a non monetary economy, aka barter, there is no inflation. If you do not understand that you will have no understanding of inflation.

@barua_ashish @PDWriter It's pretty obvious to see that inflation is concentrated significantly in essential goods or services what's going on

@paul_d_stevens @MWhitmore16302 @CrazyheadUK @MaggieScarisbr1 Indeed, it's just the reverse side of austerity really.

@MWhitmore16302 @juiceterry87 @CrazyheadUK @MaggieScarisbr1 Putting taxes up, in the mistaken belief they pay for government spending, is neoliberalism, not socialism. Starmer’s Labour has lurched a long way right since Corbyn. It’s no longer socialist. mmtuk.org/education/how-…

Lewis Goodall doesn't examine how immediately after the biggest landslide in UK history, the media launched the biggest, most virulent attack on a newly-elected government in UK history.

@MWhitmore16302 @CrazyheadUK @MaggieScarisbr1 There is nothing socialist about anything Labour has done. Which companies has it nationalised?

@CrazyheadUK @MaggieScarisbr1 Incorrect. Labour are MOSTLY socialist. Reeves' economic policies are socialist, so are Philipson's. Rayner's were too. However, Starmer is not particularly socialist in outlook - he doesn't seem to believe in anything as long as he can cling on to power.

Labour’s collapse in the polls is not a communications failure. It is a political and economic one. You cannot message your way out of a programme that does not materially improve people’s lives. The core issue is the absence of a credible economic offer to the majority. Labour has positioned itself as a safe manager of the existing model rather than a force willing to change it. That model prioritises profitability, asset growth, and business confidence as the primary indicators of success, while wages, security, and disposable income remain secondary. For most people, this translates into stagnation: rising costs, flat pay, and a persistent sense that growth happens elsewhere. If households do not feel better off, they do not believe the economy is working. And if they do not believe that, no amount of improved messaging will persuade them otherwise. A genuinely majoritarian programme would start from the opposite premise: that growth should be driven from the bottom up. Higher disposable income leads to higher consumption, which drives demand, which in turn sustains business activity and investment. This is not ideological excess, it is basic economic circulation. Without demand, there is no durable growth. By stripping out its left economic tradition, Labour has hollowed out its own purpose. It no longer clearly answers the question: who is this economy for? What remains is a politics that reassures capital but fails to inspire or materially benefit the majority. This is why the polling is falling. Voters are not confused about what Labour is saying. They understand it well enough. The problem is that they do not see themselves in it.

@LNallalingham The thing that isn't sustainable is the distribution of earnings 🤡

@DavidMcNab17 See also "nation's credit card"

Just as the UK doesn’t borrow £s. Whenever you hear a politician or broadcaster talking about “government borrowing” - they’re talking drivel.

@DanielGoldersUK @mickey_dee03 @SkyNews @joelysantacruz Have the former tenants of those landlords stopped paying rent to somebody now then?

@juiceterry87 @mickey_dee03 @SkyNews @joelysantacruz Well over a million fewer (private landlords) now exist that's for sure. So what's happened? The supply of privately rented properties has been reduced and the Treasury has lost an estimated £1.6 BILLION in Income Tax revenue from rental income.

Rents reach highest-ever level relative to earnings, driven by lack of housing supply Sky's Data journalist @joelysantacruz has the story trib.al/zDH0cpt

@DanielGoldersUK @mickey_dee03 @SkyNews @joelysantacruz If they had done the private landlords you advocate for wouldn't exist

@mickey_dee03 @SkyNews @joelysantacruz Yes absolutely that's a big part of the equation. Thatcher's policy of preventing local councils from reinvesting Right To Buy proceeds in new social housing was madness of the highest order.

@Handre The three day week was in 1973 you idiot and happened under Ted Heath

Thatcher inherited a Britain where the state owned everything from steel mills to telephone lines. Unemployment hit 11.9% in 1984, inflation ran at 18% when she took office, and strikes paralyzed entire industries for months (the three-day work week wasn't a lifestyle choice). She privatized British Telecom in 1984, British Gas in 1986, and rolled back union power that had strangled productivity for decades. The results speak louder than any economic theory: Britain's GDP per capita rose from $10,000 in 1980 to $19,000 by 1990. Critics still blame her for "inequality" - missing the point entirely. You can't redistribute wealth that doesn't exist first. The alternative wasn't some egalitarian paradise... it was Argentina.

@mg_dodger @Sam_Dumitriu @FUDdaily The supermarkets didn't do this out of some moral duty, they're commercial entities doing what commercial entities do.

@Sam_Dumitriu @FUDdaily Compare and contrast: During COVID the supermarkets kept the nation fed, brilliant effectiveness and efficiency... We had shut the country down to keep the state run health service from collapse.

There are no serious, workable proposals for price controls on food. Supermarkets make small profit margins. Farmers don't either. If we try to cap food prices, the end result will be shortages.

@LJTLatham @keewa @Streettough I have made this point before. The economic consequences of this boomer world of spending on only the most basic essentials are catastrophic.

@Streettough @keewa Lots of people being purposely obtuse in the replies - but it is worth thinking about what it does to a service economy when, once you have kids, you have to withdraw from said service economy and drastically reduce spending. "Batch cook, don't do this, don't do that". 🤡

A family lunch in Costa for £52 is bad though isn’t it? People really should be able to eat out and enjoy some luxuries. Many boomers seemingly want everything to be a grim, miserable slog for most, whilst they constantly swan off on their cruises

@fionnviteza @alelliott88 Two players who no longer with us as well.I think I spotted Gary Speed and Ugo Ehiogu.

Look at the players we use to have in ARE Barclays Middlesbrough v Bolton, they’d never let us watch McClaren v Allardyce post-woke mandating every manager must play boring foreign system muck We used to be a country.

@Sonny496 @Steven_Swinford What socialism?

@Steven_Swinford Who would have guess socialism anti-business,anti-competition, net zero doesn't work

* Britain faces the biggest hit to growth from the Middle East war of all the G20 economies, the OECD has warned * The economy will grow by just 0.7% this year, compared to last forecast of 1.2% for 2026 * Inflation forecast to rise to 4% this year because of higher energy prices. It's up from 3.4% last year and the second highest level in the G7 * Report warns more broadly that 'prolonged disruption' will increase the cost of food because of issues with supply of fertiliser

@dereksmith15212 @Streettough Can you show me a non flat screen TV manufactured in the last 25 years Derek

@Streettough Cut down on Ubers, Deliveroo, cappuccinos, expensive smartphones, big flatscreen TVs, Spotify, Netflix, Sky Sports, Amazon Prime and learn to batch cook

@ritzavelli @HenBinder @keewa The average earner in the UK has very little to save or invest in reality, I'm not sure that financial education whilst broadly beneficial will help that much

@HenBinder @keewa But at what point is it also the standard of financial literacy in this country? We don’t get taught anything about money by design. We don’t get told to invest, we get told to save. No one has ever wanted a better life for the working man in this country bar themselves

Brits love their misery, they wear their misery like a fine set of clothes, they boast about their misery and how deeply they feel it, and their self-perceived ability to tolerate misery is a source of national pride.

@Unionbuster @FayeBrownSky How much effective subsidy did the energy retailers get in 2022? £100bn+ wasn't it?

@FayeBrownSky Dale Vince! You must be fooking joking! He is a subsidy didicoy!

NEW: Ed Miliband has told Labour MPs he is committed to looking at decoupling electricity from gas prices, saying it is "complicated but possible". He is said to be looking at a report by Dale Vince, which warns govt's clean energy drive won't bring down bills while gas effectively sets the price of the wholesale market... news.sky.com/story/ed-milib…

@MMTLabour It wouldn't be a terrible thing even if it was accurate because if the existence of a tax meant eg a company decided to invest surplus rather than pay dividends then so be it

Those of you who still think your taxes fund the NHS must be pretty pissed to think your money is being handed to a Jewish charity that raises funds for Israel.