Sunday, June 15, 2008

Price fixing to return via Brussels?

Have just read a disturbing post by Trixy in which she says Margot Wallström, the European Commissioner, told the leader of UKIP, Nigel Farage, that the the EU was going to solve the oil price by introducing price fixing. A report on EU Observer suggests that the EU are
set to look for a coordinated response to oil prices, which reach their highest level since the end of the 1970s. The European Commission is set to ask member states to "carefully" consider "targeted measures" aimed at helping low-income households.
Ironic is it not that they should reference the 1970s given that price fixing was popular then and was a completely failure. Should be interesting to see what "solution" they come up with. They could of course just reduce the tax on the stuff.

10 comments:

mitch said...

They probably think like gordon that it didn't work last time because they didn't try hard enough/spend enough for a student of history he sure didn't learn much.

Tony Sharp said...

The European family, reduce Tax? There is more chance of Tony McNulty starting to tell the truth!

Trixy said...

Come now, my lovely. Never let the truth, facts and basic economics get in the way of a plan. Especially when the potential role of Commission President is on the cards!!

grumpy grandad said...

Surely price fixing cartels are illegal under some EU ordinance or other? Sauce for the goose only?

Jeff said...

I came across a sory in the telegraph that led me to this guy,
http://www.tpuc.org/node/240

Well done that man

some bloke said...

Isn't Mr. Mugabe another fan of price controls ?
Maggot Wallströms next populist campaign will be to outlaw bad weather.

Jeff 15-Jun 17:01:00. Great link, thank you.

Letters From A Tory said...

Yes, because more central control is DEFINITELY what this country and the EU needs to solve our problems.

Serf said...

One of the fundamental reasosn for high oil prices is the huge subsidies that many of the world's consumers are recieving. With the price signal stopped, they continue using oil products like there is no tomorrow, artificially increasing demand.

The EU's solution is to fix prices?

Fuckwits, all of them.

Anonymous said...

Personally, I think the idea of price fixing is an absolutely marvelous idea for the EU to try. It won't solve the problem, but it'll bring home to millions of people just how utterly idiotic the EU commissioners are.

Twig said...

They'll probably introduce an EU fuel voucher system whereby key workers and government officials will be given EU subsidised fuel. Everyone else will have to pay a ring-fenced "EU fuel duty" to fund the scheme.
The scheme could eventually evolve so that only people with vouchers can buy fuel.
I saw a similar scheme in China about 20 years ago.