The reality is nothing the Chancellor has done will do more than help people settle bills. I suggest that’s inadequate because it does nothing to tackle the cause of the problem, which is exploitation by energy companies, which is what is creating the already existing inflation.
What is more, since the cash to be provided only helps settle the excessive and exploitative demands that they have made, and does not in any case provide an excess of funds to then be spent on other goods, it is hard to see how this package is inherently inflationary in itself.
First, the debt leverage that would have gone onto private households is reduced, being replaced by government money creation, which is the right alternative.
Money creation has no effect on inflation, d’ye see?