“Spain capped energy prices by more than the UK, lowered the cost of public transport, taxed excess profits and put in place limits on how much landlords can raise rents” ➡️ #inflation dropped
This should be interesting if you still don't believe in what the economist Isabella Weber calls “sellers’ inflation”
(i.e. prices are up because firms are gouging customers, not because of excessive purchasing power; meaning that capping costs is an effective solution)
#economy
https://www.theguardian.com/commentisfree/2023/aug/03/spain-inflation-lower-bank-england-interest-rates
This should be interesting if you still don't believe in what the economist Isabella Weber calls “sellers’ inflation”
(i.e. prices are up because firms are gouging customers, not because of excessive purchasing power; meaning that capping costs is an effective solution)
#economy
https://www.theguardian.com/commentisfree/2023/aug/03/spain-inflation-lower-bank-england-interest-rates
Why is Spain’s inflation so much lower than the UK’s? Because it stood up to business
The reliance on Bank of England rate rises alone can’t go on. In other countries, rent caps and excess profit taxes are working, says the IPPR’s Carsten JungCarsten Jung (The Guardian)