We’re clear on sanctions

WE are all quite clear, that sanctioning Russia’s oil and gas will raise the cost of living there, to influence public opinion against Putin, by raising global prices, severely increasing the cost of living in Britain also, unless the UK Government places a windfall tax on relevant corporations, for public money to be used to shield UK consumers from desperate circumstances.

A Conservative Party, for which a majority of citizens voted, opposes that.

One long-term consequence must be that huge amounts of the nation’s wealth will flow from the majority of consumer citizens, paying more for the same commodities than before, to inflate corporation profits, and thus the dividends of the minority Shareholder section of the population, who will be richer by billions.

So corporation shareholders will be able to use this colossal bonanza from corporation dividends, to buy shares in the property market, or purchase housing property as landlords, which will become forever out of the reach of present mortgage payers, now unable to maintain a mortgage for their family, in this vast distortion of the nation’s wealth.

The dream of home ownership will die for millions, progressively.

More of the shareholding class will never choose to work, and live on capital, from the rents paid by the workers who will never possess a home, from cradle to grave.

Such workers will never be able to pass on any wealth to their children from owning property, so that the Victorian pattern of British divided classes, the opulent and the destitute, will return. A victory for Conservatism.

C N Westerman by email