Is this a bug or a feature?
Green Agenda Driving Inflation and Hurting Economic Growth, Admits Central Banker
Leftist green agenda policies are driving up inflation, raising the cost of consumer goods and depressing economic production, a top policy advisor to the Bank of England has admitted.
Net Zero agenda items pushed by the so-called Conservative party in the UK such as taxes on carbon and emissions trading schemes are increasing inflation and worsening the wallet crunch for Britons as companies pass along the costs onto average consumers, Catherine Mann, a member of the Bank of England’s Monetary Policy Committee has acknowledged.
In comments reported by The Telegraph from an address delivered at Oxford University, Mann said that economists have concluded that green “carbon taxes, public investments, and subsidies are all inflationary”
“Evidence has suggested upward pressure on inflation [and] downward effects on output,” she continued, explaining that the Net Zero levies on businesses are then “passed on fully or in part to consumers, which prompts the behavioural change needed to reduce emissions”.
However, the advisor to the Bank of England defended the financial institution’s role in pushing the green agenda forward, arguing that it is necessary to prevent the disputed potentially larger negative impacts on the economy by allegedly man-made climate change.
It is part unintentional, and a much greater part intentional. They’re saying things will be much worse if we do not do all this claptrap to solve the imaginary climate crisis, so, they’ll make things bad for the peasants in an attempt to control their lives and choices. Do you think the drastic rise in costs and the lower productivity really hurts or bothers the bigwigs? They’ve been saying it is all about power for decades, and few want to listen.
The admissions from the Bank of England advisor come after Prime Minister Rishi Sunak enraged the liberal establishment media in Britain by slightly scaling back some of the government’s net zero policies, such as delaying the ban on sales of new petrol and diesel cars from 2030 to 2035. Sunak has also delayed the ban on new oil-fired boilers from 2026 to 2035 as well as increasing government subsidies for the installation of home heating pumps.
However, the slight delays on such diktats will not deter the government from seeking to reach net zero carbon emissions by the year 2050, with Sunak saying in September that he is “confident” that the climate target will still be met.
Yet, do you see any of these people making their own lives Net Zero? Have they ditched their fossil fueled vehicles and purchased an EV? Or take public transit? Are they downsizing their homes? Giving up meat?
Of course that statement was in reference to the UK
The exit from the EU was much worse for their economy their pursuit of UK first was costly their inflation is about twice as bad athe US dollar has gotten much stronger under Bidens here.
Teach no longer talks about “skyrocketing electrical costs”
The big wind power states are mostly red states. They love that cheap power!
What cheap power, Johnny?
Boy you got a hold of some psychotic drugs. US dollar stronger under Biden? LOL! His corrupt family ‘got much stronger as in rich’ on the backs of the taxpayers. Our electrical grid is strained; hence the ‘rolling blackouts’ and the government messages to not charge your electric vehicle due to the shortages. Wind power in ‘red states’; it’s bad for EVERYONE. You need to get some serious mental help.
Graphic CNN Video – Hamas militant’s bodycam shows how attacks on Israel began
https://commoncts.blogspot.com/2023/11/cnn-video-hamas-militants-bodycam-shows.html
Texas, currently depending too much on unreliable wind and solar, is investigating nuclear in the search for more affordable and reliable sparktricity. Should have done that in the first place.
unklc wrote:
My work here is done.
Can’t stop yet, Brother Dana, the cult is still amongst us.
