Sign this petition to make businesses pay for inflation

[Moderndayrobinhood]

https://petition.parliament.uk/petitions/642645/sponsors/new?token=egZ8-52mWHVJVklcE6si please sign this petition to make bank of England make businesses pay for inflation and stop the wage price war that's being manufactured by the bank of England

There is no explanation of the petition when I follow your link. How can you expect someone to sign something with no details about what they are signing.

Agree ^^ I had to go through the input of my information to then get the email which explained it in the blurb of the email, for everyone who CBA with that here is what if said....

make businesses pay for inflation stop making consumers fund the wage price war
Stop making consumers pay higher rates to stop inflation make companies reduce prices which will reduce profits, spending and reduce overall inflation. If products cost more people spend more meaning inflation will never go down consumers don't decide there wage or the prices they pay businesses do
The bank of England is manufacturing a wage price war by putting the pressure on consumers if businesses lower prices the demand for higher wages reduces and if things costs less spending will be less profits will be less meaning wages vs prices is less big businesses are crippling this nation and should be the ones to fix it otherwise we are going to be a third world country with the next few decades

What about companies such as independent retail or hospitality who are already feeling the pain of high energy and product costs, how can they reduce their costs when this will mean running at a loss, are you proposing a business which is profitable over x amount only to be considered?

I had written out a big paragraph about how this could be counterintuitive- cause redundcies and less jobs available but ultimately the answer is no I won't be signing

You're massively naive OP if you truly believe that making businesses pay doesn't ultimately filter down to consumers anyway 🤷‍♀️

So no, I won't be signing.

Clearly you have no idea how the economy works if you think this is a good idea

This would result in redundancies, therefore more people not working, therefore more pressure on resources, etc, etc, etc

So if costs are going up for businesses, they should just absorb those costs and not pass them on to the consumer, is that your idea?

That’s utter nonsense.

Businesses are just a legal fiction to allow for collective actions and decisions to be taken.

All costs are ultimately bourne by natural persons - humans. Which means customers, employees, shareholders (including pension funds and ultimately pensioners) or suppliers. There is literally no-one else who can bear costs.

The real question is which of those groups of humans should rightly bear the costs of inflation - customers through price rises, suppliers through reduced purchases, employees through wages being squeezed, or shareholders through lower dividends and capital growth?

In practice, history suggests that employees bear c.70% of the costs, with the remainder fairly evenly divided between the other three groups.

every other nation has put the cost on business and higher earners hence why inflation in other contries has already fallen but boe is pushing for its 13 intrest rate rise in the last year in 20 years they have reversed the inflation to the reccesion from 2000 but i dont know economics enjoy the reccesion thats incoming from it going this way

BoE only have control over the interest rates. Politicians control other stuff like tax rates and BoE can't pressure the government to use other means. If politicians don't do anything then BoE is forced to raise interest rates.

'Businesses' aren't some abstract money tree. They're self employed people trying to feed their families, people trying to employ others, maybe give them a raise, buy products from others.
Sure there are mega corporations like Amazon and I am always happy to see them pay their way (pay their taxes fairly) but most business is just regular people.
If prices can't go up, wages can't go up. Other costs have increased so they have to cut their costs, that means job losses and ultimately businesses will fail, like Wilkos.