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Originally Posted by Pierre
jfman and I rarely see eye to eye, but wacking on £130+ billion to our national debt at the moment when the cost of borrowing is going up is lunacy.
Taxing the operators more, and charging on the actual cost of generation are a couple of things that could help short term.
Long term, scrapping net zero for something a bit more sensible.
Building more nuclear, fracking, tidal - take control of our national energy policy.
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What he said.
We all agree there’s some things better left to the market. It’s clear for energy that either way there’s a role for the state. The question after that is to benefit who exactly.
It’s difficult to rationalise that should be global energy companies already making supernormal profits in the absence of genuine competition.
By not taking control of these resources - or a sizeable proportion of our demand for them at a minimum - we leave ourselves exposed to being price gouged at every emerging geopolitical crisis. That hits our citizens and businesses equally, generating inflationary pressures and increasing instability.