You can always tell what the BBC line is on any subject by seeing what they don’t report and of course what they do carefully select to highlight.
‘….the comments of Mervyn King, the governor of the Bank of England at the launch of the Bank’s quarterly inflation report. Environmental policies it seems are an “own-goal”.
Sir Mervyn blamed the Government for the overshoot, claiming that the Coalition had scored an “own goal” by damaging household incomes with a range of environmental and education policies that have pushed up energy bills and tuition fees.
He said: “It’s a bit of an own goal as it looks as if inflation is worse without any change in the underlying behaviour of the economy. And clearly the attempt to put up prices charged by utilities – to pay for green charges, green policies – are pushing up administered prices in a way that [is] … self inflicted in terms of damage done to real take home pay.”
The BBC miss out the ‘environmental costs of green policies’ paragraph and skip to the next one, happy to highlight the government scoring an ‘own goal’ for its economic policies reducing take home pay:
Sir Mervyn said that factors outside of the Bank’s control – increases in university tuition fees and utility bills – had added to inflation recently.
“If you like, it is a bit of a self-inflicted goal in terms of the damage done to real take-home pay, perhaps another way of trying to implement fiscal consolidation through moving up the price level,” he said.
And whilst reporting this:
Although economic output has been broadly flat for the past two years, Sir Mervyn said that masked “a more encouraging underlying picture”.
Manufacturing and services – which make up the bulk of the economy – had grown during 2012, seeing a similar performance to that in the US and considerably stronger than in Japan and the eurozone, he said.
They do not give the figures…which say that growth for 2012 was 1.2%….just below the US 1.5%….despite its massive stimulus, Labour like Plan B, spending!
I imagine they prefer you to think along the lines of a measily 0.3% or some such figure…they certainly aren’t going to give the government an inch on good news.
Curious what catches the eye of a BBC journalist. And what gets suppressed. The massive inflation in fuel prices cause by green policy is surely something of importance and something that should be discussed. But that would rasie all sorts of awkward questions not just about the ‘renewables’ policies but about the cause iof it as well…ie ‘global warming…man made or not?’ for instance.