Quote Originally Posted by animallittle3 View Post
I have to say I'm impressed and thought no government could leave a trail of debt like New Labour did in 2010 ever again .

However the expected measures to subsidise the cost of wholesale energy plus covid takes the Conservative Party to a new stratosphere and we've two more years left before we see a GE .

The only thing left is for the incoming Labour government which is more or less a certainty following the Truss victory is to place the country under the most severest austerity ever seen , offer the wealthy tax breaks and declare war on the EU and the circle is complete .

Alternatively you could impose a windfall tax of course but let's not let common sense override ideology .
This. Despite record profits, what is it? 74 billion this year already? It looks like the Truss has decided that the best way to dela wth it, as per industry request is £100 billion at least loan backed by the government. So as it is a loan, there will be a rateof interest. So you will be paying for this cap, just over about 20 years, when it would cost £3.5bn to privatise the industry and enjoy the lower prices the french do.

Also see Boris multi-billion nuclear plant which will solve our energy issues in about 20 years... being built with wads of cash sent to state owned EDF..of France. So you are paying the French bills too.

But it's ok because the rich are going to get a tax cut and we know that rich people always spend it on poor people and not by like... buying up loads of houses and charging massive rents or anything like that. /rant