It looks as though the momentum is with Liz Truss and if that is the case, put simply we are fucked! If it was not for the fact that our granddaughter Hannah has just entered our lives, we would be leaving the country, quickly! It would be a tragedy whichever of these two losers won but doubly so is it is her. I have long advocated that women should be running the country but she is as mad as a box of frogs!
Paradoxically although our political and economic world is being torn asunder, I am a happy man. I may moan and complain about the parlays state of the UK but personally I am happy. It is summer, I have just become a grandfather and am as physically fit as I have been for a couple of months after a dodgy back and knee. Naturally I am concerned about the rising cost of living. I do not for one second dismiss the hardship and turmoil that it causing for millions of families but it is rare in my life, that in the retail world, prices have not steadily risen and only rarely dropped? As now, there have many times when prices have risen fiercely and I do not lessen the impact that such huge rises have. It is true that I am more insulated then at any time in my life but this does not mean that we have not discussed a number of ways to try to save.
I wrote to one of the directors at my energy supplier yesterday and once directed to the right set of accounts found they are operating at a substantial loss and have been for five years. I was told that they are not the only ones of the smaller/mid-size suppliers, who have been. Therefore I posed the question why and how do they remain in business? I have no idea what the operating profits of the larger energy suppliers are, though we are aware that several of them are making enormous profits. If the smaller companies are losing money who in their chain is making the profit? Somebody somewhere is making a lot of money and as always it is the consumer who is footing the bill!
As is always the case with these industries, we never really know the truth.
Stay well