The English should be pleased that a massive gas find has been reported near Blackpool. Apparently there is thought to be sufficient gas to keep the country supplied for many dozens of years. The bad news is that it is shale gas which can only be obtained by drilling into the shale and creating thousands of tiny explosions. These explosions are thought to have been the cause of last year’s earthquake tremor in Lancashire. Let’s hope the issue can be resolved. Scotland has sufficient gas to last for many years, if England can supply its own.
According to Tesco, 80% of the population is having some difficulty in “putting food on the table”. It is worst, says Richard Brasher, their chief executive, for pensioners, who are having to ration food, heating and light. That’s a proud boast for a country running two wars which are nothing to do with it. Well, Munguin’s Republic has been saying that for at least a year. Inflation may be 5%+ (or using the government’s preferred measure 4.5%), but it is far more for the poor. And even as this is happening the Westminster government is taking away £100 in straight cash from the oldest pensioners. Anyway, Mr Brasher (every little bit hurts... no helps, sorry) is going to cut more prices and start a supermarket war. He wants to replace a philosophy of “charging as much as you can get away with” to one of charging “as little as you can”. Well, good on him and them. Obviously all other supermarkets will follow. But in case you feel too sorry for them, I remember reading that British supermarkets aim for a 5% profit, where continental ones make do with 2% and American/Australian ones with 1%. I don’t know if it’s exactly true, but it would explain the difference in prices on a great number of items. So, they can afford it. Let the war commence!
Is it a condition of employment that Dundee’s National Express drivers be rude, surly, bad tempered and possess appalling driving skills?
France has raised its annual inflation forecast from 1.8% to 2.1%. The difference between their inflation and the UK’s is doubtless that whilst Electricité de France plans to raise prices by 4.5% for Electricity and 15.4% for gas in the UK, and that this will be the second rise within a year. Whilst in France gas price rises have been cancelled and Electricité de France is allowed a rise of only 1.7% on orders of the President. A pity the Queen wouldn’t do the same thing here.