$5 dollar gas.
No baby formula.
And what’s Congress doing today? Holding a hearing on UFOs!
Inflation hits a 40-year high of 9% after a 54% increase in the energy price cap.
Rishi Sunak dismisses giving families help as “silly”.
Last night Tory MPs had the chance to back our plan to support millions with their energy bills.
Remember when those pesky “conspiracy theorists” warned about collateral damages of lockdowns, vaccine passports, supply chain issues, technocrat power grabs, high inflation, digital ID, CBDCs and social credit systems? The conspiracy theorists have become conspiracy realists.
The Retail Price Index has hit 11%.
The Bank of England and No 10 want to blame Ukraine but inflation was already here.
We are being led by incompetents.
The only way to permanently end inflation is to end capitalism.
Inflation overall is 9%. But our analysis suggests that the poorest are facing an inflation rate or around 11%. That’s because they spend a large fraction of their budget on energy and food. Their benefits of course rose by just 3.1%. https://t.co/b4at9U7C69
Ways to tackle inflation (a thread):
1) Cut the government tax and duty take on energy to the April 2021 level
2) Change the way electricity is priced so it’s based on the average cost of production from all sources, and is not based on gas generation alone
3) Cut interest rates
New White House press secretary blasted for botching answer to inflation question: ‘Excruciating to watch' https://t.co/B2gDbldFDo
Reminder; 1977 under @UKLabour
the inflation rate was 15.89%!!
No European war.
No World pandemic.
Just Labour, all by themselves!
Ökonomen fordern Rente mit 70 wegen der hohen Inflation. Ist es nicht die Aufgabe der Regierung, die Inflation zu bekämpfen? Wenn sie das nicht kann, sollte sie zurücktreten, anstatt die Bevölkerung zu schikanieren. Deutsches Steuergeld nur für deutsche Interessen.
The government has spent years telling us that austerity and low pay are essential to prevent inflation. Now we have the austerity, the low pay and the inflation.
55% inflation in Argentina, but the IMF pressured the country to discourage #Bitcoin adoption before agreeing to a $44b loan.🤨
We’re about to discover what happens when you have the inflation of the 1970s with the gutted trade unions of the 2020s.
Inflation hits 9% - that is pretty bad (and worst in G7)
Was macht Ihr gegen die Inflation?
naaa ghana hard ankasa, inflation catch herb too
Inflation hits 40 year high and @bankofengland
staff are required to work only 1 day a week. if a private company delivered such appalling results they would have to do a 7 day week to make up for it
The risk of the U.S. entering a recession is "very, very high," and U.S. consumers and businesses should plan accordingly, Goldman Sachs Group Senior Chairman Lloyd Blankfein says.
UK inflation rate 9%, one of the highest in Europe.
Glut of natural gas.
UK can have more, lacks storage capacity.
Wholesale price lowest for 18mth.
Domestic energy costs up more than 54%.
Corporate profiteering is rife.
75% of inflation due to energy prices.
: "People didn’t need to see this morning’s official statistics to know we are experiencing the worst inflation in 40 years.
They know it because they are living with it." #PMQs
UK rate of inflation 9%, highest rate of inflation of any G7 country.
Brexit and govt policy failures hitting household budgets.
UK needs a new budget and new govt.
Une inflation record depuis 5 ans... Un point d'indice qui n'augmente pas... ASSEZ ! La FSU exige une revalorisation des salaires maintenant ! https://t.co/Hdk4wnVjQd
Remember how the corporate media tried to suggest that inflation was a good thing?
Then how it pivoted to saying it was the fault of greedy corporations?
Then how it pivoted to saying it was the fault of Putin?
These people don't even pretend to tell the truth anymore.
Morning #JohnsonOut114 & everyone. Another Brexit benefit and Tory Govt failure. Inflation hit 40 Year high at 9%. The Last time inflation was recorded this high it was also during a Tory Govt. - in the reign of Tatcher the Milk Snatcher. #JohnsonOut114 #ConservativeCrooks 💙 https://t.co/hrjK06fI6X
Inflation is not a ‘massive govt and BoE policy failure’. It’s how we’ve chosen to let the unavoidable food and energy price rises manifest themselves. https://t.co/nrVL1vxaSi
Gas is up to $6 per gallon in some areas.
Oil industry profits are up 300% since this time last year, with the top 5 companies reporting $35 Billion in Q1 profits this year.
This isn’t inflation. This is price gouging.
Pass the Big Oil Windfall Profits Tax.
99% certain that the Prime rate will go to 8,25% tomorrow (currently 7,75%).
April inflation rate of 5,9% not helping.
Imagine the level of outrage if we had Congress Govt at center with Petrol at ₹105 and WPI inflation at 15.08% with dead bodies of desi retail giants & telecom trio/duopoly…
IMAGINE THE OUTRAGE !!
But, Congress do not have that #dopamine magic wand 🪄 that BJP has!!