Tax or not a tax? A tax is money levied to enable society to benefit. Sunak has obviously equated inflation – where his investments make money for his benefit – with the benefit of society. Also equating a reduction in inflation with an increase in the money in peoples pockets is false parallel. Inflation halved to 5% from 10%, just means that we have 5% less in our pockets. So I would agree that inflation is bad, but but 5% inflation is just less bad – not a fantastic triumph. Addressing the huge profits that companies have made would be a better idea. It is well known that companies that raise their prices due to inflation never reduce them when the rate fallsbelow the original benchmark. It is all part of the “growth economy” that is destroying our planet.

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