Christoph Schumacher

And these have been going up.

What has been driving inflation up before the oil crisis was not the imported goods, it's our domestic inflation.

And we still haven't got that under control.

So yes, 4% doesn't seem to be an unrealistic value at all.

That is a real problem.

We can't do anything.

But it also means any changes in the OCR won't impact on that either.

So there's nothing much government can do.

The only way is to become...

better at it, more efficient in our public services.

And that has been an issue the government has flagged from day one.

Reducing the number of public servants was certainly one of those promises they made in the campaign.

And there's something we need to look at because our domestic inflation hasn't been looking good.

And there's something that would

help people, if council rates wouldn't go up necessarily or even go down, if electricity prices or insurance prices, insurance costs have gone up hugely over the past few years, if those things we can't avoid

would not increase as much.

That would help people as well with the cost of living crisis.

So we must look at both sides of that coin, the tradable inflation, things like an oil shock where we have little power to change, but also our domestic inflation where we could do something.

providing people with some financial support.

Now that would help instantly, right?