Quote:
Originally Posted by Sephiroth
That is so fanciful, Iirc, he said that if inflation is brought down, then the interest payments saved will contribute to the bill.
He knows that's political clap-trap. There are non-energy inflationary pressures (wheat for a start) and how does he think the wholesale price og gas will fall? And how is it all going to be paid for other than taxes down the road?
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Yeah, the inflation stuff is a bit of wishful thinking. I think that part of it is essentially being added to the debt.
As for what happens later, who knows? But that's the same either way. This would at least take us to next April which means we're at least out of the winter months. Then a new plan would be needed but to be honest unless something happens to bring wholesale prices down we're looking at
years of the Government underwriting energy costs.
The Tories might change it a bit but I can't see this not being what the policy will be. The Government simply can't let these energy bills come in. The projected cap is half of a lot of benefit payments. People will die, or not afford food.