http://business.timesonline.co.uk/tol/business/industry_sectors/natural_resources/article4160856.ece Newsnight last night covered the Chancellor's and Governor of the Bank of England's Mansion House speeches. And pointed out that the energy pundits say energy bills are set to increase by 40% by Christmas. The politicians interviewed mostly claimed that pay restraint in public services would beat inflation - strange then how it's running at 8% for food and double figures for most other daily needs, like energy. Kirsty Wark quoted the watchdogs' view that a "cartel" of 6 energy companies (there used to be 20!) has a stranglehold on customers in Britain. Mark Serwotka from the PCS trade union was in the Newsnight studio and pointed out that (as most economics professors agree) public service pay does nothing to encourage or discourage inflation. Why should we be lied to?