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British Economist: Much UK Energy Cost Rise is Due to Political Anti-Russia Sanctions_我的网站

一 |     The UK government has rolled out the Energy Bills Support Scheme, under which British households will start receiving £400 ($488) off their energy bills from October, with the discount made in six instalments to help families throughout the winter period.,However, the measure does not seem to be enough to save the day, given that Brits have found themselves caught between nearly two-digit inflation and soaring mortgage payments, according to Rodney Atkinson, an academic and political and economic commentator.,"Once the government lost control of monetary policy (or indeed deliberately printed money during COVID in order to debase its own debt) then there are no easy ways out," Atkinson said. "The British government has offered all households energy subsidies and those on support programs more. But now interest rates are rising and although this raises the value of the pound and reduces import and energy costs, the overall effect is more suffering. Mortgage costs and business debt costs have been rising for months.",Increasing energy bills all across Europe are whipping inflation up even further. On July 27, the Guardian made an attempt to blame reduced gas flows through Russia's Nord Stream 1 for the soaring energy prices, while shying away from shedding light on the energy embargo introduced by the US, the UK and the EU against Russia's hydrocarbons. The US and the UK have been in the vanguard of anti-Russia sanctions since Moscow launched its special military operation to demilitarize and de-Nazify Ukraine on February 24, 2022.,"Because much of the rise in costs is due to the political anti-Russia sanctions; changes in monetary policy will have little effect and are not quick enough," emphasized Atkinson. "Only a retreat on oil sanctions by the EU will drive down oil prices (which is already happening). Biden and the EU’s attempts to persuade the Middle East producers of oil and gas to increase production were a failure.",Sunak Vows ‘Radical’ Income Tax Cut as Truss Team Accuses Ex-Chancellor of ‘Another U-Turn’1 August, 08:12 GMT,New British Cabinet Will Have a Lot on Its Plate,While the British government has pledged to slash at least part of Brit’s energy expenditures, the question arises as to where No. 10 will find this money, given that both Tory candidates for prime minister, Liz Truss and Rishi Sunak, have vowed to cut taxes considerably.,"In an election, the promises are all about cutting taxes and increasing expenditure - a very dangerous combination which is unsustainable," warned Atkinson. "There are many state subsidies and expenditures which could be cut (to justify the tax cuts) but no one likes to mention them. And Truss seems to be piling up ever more spending promises.",Still, it is clear that the new British cabinet will have to exert much effort to prevent people from taking to the streets. The British economist presumes that No. 10 "will have to offer greater subsidies to those caught by the high winter fuel prices.",Nonetheless, "the continuing high profitability of energy producers and energy utilities will further increase the public’s anger at big business and multi nationals who are also seen as not paying their fair share of tax," Atkinson projected.,"Voters are becoming more and more cynical but there are no politicians in any party capable of understanding the fundamental problem of state and corporate profit combined with voter weakness and consumer poverty," he underscored.。    The box office collections of Balakrishna's latest release, Akhanda 2, saw a huge drop on Monday. The Boyapati Srinu directorial may face a litmus test at the ticket window, and as expected, Akhanda 2 underperformed on the first Monday. The film reportedly collected Rs 5.1 crore on the fourth day, taking the overall tally of film’s collections to Rs 66 crore (net) in India. So far, the film’s strong weekend performance underlines Balakrishna’s massive fan following and his ability to pull audiences to theatres. But Akhanda 2 fumbled on its first Monday, nearly completing its major theatrical run. As a result, Balakrishna had reportedly shifted focus on to his next ambitious project.          Balakrishna to turn singer     Balakrishna reunites with director Gopichand Malineni, marking their second outing together after delivering a successful Veera Simha Reddy earlier in 2023. This time, the duo is stepping into a completely different zone, as the upcoming project is said to be a grand period drama. The film promises to showcase Balakrishna in a powerful and regal avatar, backed by a rich narrative and large-scale presentation. Adding to the excitement, Nayanthara has been finalized as the female lead, making this pairing one of the most talked-about combinations in recent times. Her presence is expected to bring both star value and emotional depth to the story. According to industry buzz, Balakrishna will also be lending his voice for a special song in the film, a move that has already generated excitement among fans.          Grand sets under construction     Balakrishna-Gopichand film is being mounted on a massive scale, with special grand sets currently being built to recreate the period setting. From lavish sets to detailed costumes and grand action sequences, the film aims to be a visual spectacle. With a reported budget exceeding Rs 100 crore, the makers are leaving no stone unturned to ensure high production values. With Akhanda 2 turning out to be a disappointing outing, Balakrishna is determined to strike back at the box office with vengeance. But for now, his fans are thrilled that he will sing a special number.Also Read: Akhanda 2 Collections: Balakrishna’s Film Registers Promising Box Office Haul of Rs 61 Crore。

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