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Ukraine is not the cause of the cost of living crisis

Martin Lewis on BBC Radio 4 yesterday:-"In response to comments made by Business secretary Kwasi Kwarteng, Mr Lewis said: "Kwasi Kwarteng has said that many people are willing to make sacrifices because of Ukraine. I think he's probably right, but I am slightly worried that we are seeing what may be potentially a deliberate narrative shift that effectively says the entire cost of living crisis is due to Ukraine and therefore we all need to make sacrifices."And that is not correct. What has happened in Ukraine has exacerbated the situation, but the rises in energy, heating oil, water, Council Tax, broadband and mobiles, food, National Insurance were all in place before Ukraine."And when we have a Budget or a Spring Statement coming in a couple of weeks we need to be careful not to allow that narrative to happen and to be used as an excuse that we all need to make sacrifices because of Ukraine, and that's why we have to suck in the cost of living crisis. Because that is not a correct analysis."It is a worsening of the situation it is not the cause of the situation."Asked whether people were still able to make savings in the current crisis, Martin Lewis admitted that in terms of the biggest area - energy bills - he 'no longer has the tools' to help people. He said: "The Money Saving Expert is out, this is going to be for Rishi Sunak to solve."https://www.manchestereveningnews.co.uk/news/uk-news/martin-lewis-angry-message-over-23349326

David Ainsworth ● 1704d26 Comments ● 1689d

Not just Putin

"More than a few business chancers have appeared before Commons select committees over the years, but it’s hard to recall a chief executive who has admitted that his company carefully assessed its options and decided that breaking the law was its best bet.Peter Hebblethwaite of P&O Ferries, the firm that sacked 800 seafarers last week, offered candour and cynicism in the same breath. “There’s absolutely no doubt that we were required to consult the unions. We chose not to do that,” he said. For good measure, he said he would take the same decision again.Naturally, Hebblethwaite laced his account with pleas that P&O Ferries wasn’t viable unless it replaced its UK crew with foreign agency workers being paid salaries as low as £5.15 an hour. No doubt he’s correct about the many millions P&O has been losing amid the pandemic and energy crises, but this was a brazen attempt to claim that protecting wealthy parent DP World’s investment was more important than staying within the law. Trade unions would never accept P&O Ferries’ proposals, said Hebblethwaite, so there was no point negotiating with them.Via video link from Dubai, Jesper Kristensen, the chief operating officer of marine services at DP World, weighed in that P&O Ferries was not a rogue part of the corporate empire. Hebblethwaite would not be sacked, the mass dismissal of the UK crew had been blessed in advance and DP loved doing business in the UK, where its major investments are the Thames and Solent port terminals."https://www.theguardian.com/business/nils-pratley-on-finance/2022/mar/24/p-and-o-dubai-dp-world-britain-freeport"“There’s absolutely no doubt that we were required to consult the unions. We chose not to do that,” he said. For good measure, he said he would take the same decision again.""this was a brazen attempt to claim that protecting wealthy parent DP World’s investment was more important than staying within the law.""Hebblethwaite would not be sacked, the mass dismissal of the UK crew had been blessed in advance and DP loved doing business in the UK"Not just Putin laughing at the law. Not just Russia, not just Dubai, the aggressive greed and law-breaking has corrupted the UK.

David Ainsworth ● 1690d5 Comments ● 1689d