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Nov 19 • 3 tweets • 2 min read
🚨 | Gas prices are up 8-fold from 2019 - three-quarters of this happened BEFORE Russia invaded Ukraine.

Politicians blaming Putin for high energy prices are not being truthful - it's a factor but a small one.

Long-term - gas prices will never fall back.

#CostOfLivingCrisis Image
This chart is data from the OBR.

With countries pursuing renewables the gas companies want to make their money.

Also the pursuit of #NetZero means more countries trying to buy gas now, pushing up prices.

UK reliance on foreign gas not good.

statsjamie.co.uk/high-energy-pr…
The outcome of this - the Great Energy Robbery

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More from @statsjamie

Jamie Jenkins Profile picture
Nov 22
🚨 | ‘Because of the lack of births the last 10/20 years, without immigration we won't have enough people to pay the taxes to pay for the cost of the elderly people’

💥 Not enough children coming through to work & pay taxes to fund elderly

➡️ Politicians need to understand this
Many factors behind falling birth rates - having children later in life in part down to costs of children, and costs to get on housing ladder are some.

With people living longer, need to raise taxes to pay for this. Governments don’t put aside money for state pensions in future.
A key issue with immigration is while people come in, the infrastructure does not seem to expand to meet this. So this reduces the quality of living for those already living in the country.

A competent Government would plan for all of this - but sadly we not had one for a while.
Read 5 tweets
Jamie Jenkins Profile picture
Nov 13
Two ways to damage the economy & head towards a recession.

1️⃣ Reduce the amount of money in pockets to reduce spending - increasing tax and interest rates does this.

2️⃣ Increase Corporation Tax to discourage new business and encourage some to leave

UK doing both 1️⃣ and 2️⃣ 😡
Jeremy Hunt and Rishi Sunak sorting out 1️⃣
Bank of England sorting out 2️⃣
Read 4 tweets
Jamie Jenkins Profile picture
Nov 13
🚨 | Jeremy Hunt - ‘We are going to see everyone paying more tax, we're going to see spending cuts’

Covid bill was always going to have to be paid back.

Dishing out furlough etc was never free - we have to start paying it back.

Cost of lockdown did go on too long.

#bbclaurak
The move from Sunak and Hunt also supports why there is a need for a general election.

No-one voted for either of them - the Tory membership rejected Sunak and the Tory MPs rejected Hunt.

They have no mandate to be governing the country.
Also imagine the extra cost if Hunt had more power during the pandemic.

He was falling for policies that would have had harder lockdowns with more costs.

Read 4 tweets
Jamie Jenkins Profile picture
Nov 8
🚨 | In the past 25 weeks we have had 13,514 more deaths than we would expect for the time of year if the chance of dying was the same as pre-pandemic.

💥 Latest 4 weeks, deaths were 8.8%, or 3,730 deaths higher than what you would expect based on pre-pandemic death rates.

1/ Image
Looking at deaths from all causes, over the past 25 weeks deaths are above expectation for all age groups, except those aged 10-14.

The largest percentages above expectation are those aged 35 to 59.

Younger have fewer deaths so small fluctuations can impact percentages.

2/ Image
Excluding deaths where Covid is mentioned on the death certificate we see that there are fewer deaths than you would expect among those aged 75 to 89.

The highest % of deaths above average with Covid not mentioned on the death certificate are those aged 45 to 54.

3/ Image
Read 9 tweets
Jamie Jenkins Profile picture
Nov 7
🚨 | Average consumer predicted to pay £3,702 in energy from April 23 up from £2,500 average cap.

Support to stop rise costs ~ £32bn per 6 months for households & £30bn for business.

Covid lockdown costs mean Government (us) skint and taxes set to rise.
current-news.co.uk/news/average-c…
Because successive Governments have failed on energy security we rely on foreign gas to power the nation.

This means a windfall tax is limited in what it can bring in.

#COP27 may lead to more countries wanting gas, pushing up price, to reduce emissions

statsjamie.co.uk/high-energy-pr…
Liz Truss had planned to support bills to the next election but this was scrapped by Jeremy Hunt.

He has said he will look at a package post April. This is expected to be more targeted which would reduce the cost to taxpayer to give to the energy companies.

We await the detail.
Read 4 tweets
Jamie Jenkins Profile picture
Nov 5
🚨 | If the world grew more food, produced more energy, and stopped limiting oil production the #CostofLiving is fixed.

💥 Supply is reason for inflation not demand.

We don't suddenly want to eat more, use more energy or drive more.

Increasing interest rates don't fix it.
We do of course use more energy and oil than during the lockdowns imposed by Governments.

It makes me wonder if the companies are screwing us over for the money back they lost - its how business work.

But the world is not that much different to 2019.
As Mervyn King explains, printing load of money during lockdown a key problem in inflation.

Punishing families who work hard to buy a home is not the way.

Read 4 tweets

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