Quote:
Originally Posted by jfman
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.
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French taxpayers who now own 100% of EDF UK must be pretty happy with Truss's decision. Macron can't believe his luck!