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by neilwilson
1387 days ago
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Correct. We don’t have a cost of living crisis per se. We have a Gas crisis - like the Oil crisis of the 1970s. To get more gas we’d have to outbid other nations, and to do that we’d need to strengthen Sterling. Which we could do by reducing other imports - particularly Chinese ones (leveraging their dirty peg to the dollar). All we can do is reduce demand for gas or move the problem to some other nation via the floating exchange rate. There are no good solutions for this winter. |
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