O/T Capping Energy bills

[fivetide]

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

[Stovicmiller]

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 .

I’m with you in imposing a windfall tax .

[great_fire]

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 .

I think you're wrong about that, the conservatives don't do austerity or small government anymore, it's a vote loser.

Not in the USA either, the Republicans are big government and have been for ages.

[animallittle3]

I’m with you in imposing a windfall tax .

I'd imagine the government have more or less designed the Labour Party election posters when the 2024 campaign begins .

BP and Shell pocketing £2500 per second in unearned profits .

That you , your kids and their kids are paying for .

Beggars belief .

[South Coast Miller]

And the pound taking a right battering. Won't be long before it reaches parity with the dollar and the euro. When I was a kid I'm sure it was something like $2.40 to the pound but it was a long time ago so I could be wrong. Can remember 10 French francs to the pound but don't know what that would equate to now. Bring back Jezza! (not really)

[animallittle3]

And the pound taking a right battering. Won't be long before it reaches parity with the dollar and the euro. When I was a kid I'm sure it was something like $2.40 to the pound but it was a long time ago so I could be wrong. Can remember 10 French francs to the pound but don't know what that would equate to now. Bring back Jezza! (not really)

Even Corbyn would find this ridiculous .

[Grist_To_The_Mill]

Even Corbyn would find this ridiculous .

Being a millionaire I suspect he’s not too concerned about energy prices.

[South Coast Miller]

Being a millionaire I suspect he’s not too concerned about energy prices.

Trouble is they're all millionaires. None of them have a clue what it's like to manage on an average (or below) income.