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Reese Mogg has to be one of the worst for religious hypocrisy
It's a hotly-contested position in recent government.
nickjb
Reese Mogg has to be one of the worst for
religioushypocrisy
Super-centrist disappointed that Truss wasn't an absolute disaster on her first PMQs.
https://twitter.com/IanDunt/status/1567498077199634433?t=QHYNZdsXd7nBQ6Rkr92yOg&s=19
I mean if we all give her a few days I'm sure she will come up with something.
There will be plenty to analyse this morning when if predicted she kicks out £130bn of support v Labour's paltry 29bn package. (Only 'funded' by £8bn of windfall tax. Dopes. The other part being funded by fantasy inflation savings.)
Labour were positioned to go big and the Tories are going way bigger.
v Labour’s paltry 29bn package
You know that was for an emergency 6 month thing with more to follow that would depend on what the energy market was doing etc.? But why let facts get in the way of a good troll I guess :p
why not just issue an energy bond for 200 billion on Monday and have @bankofengland buy it on Friday @KeirStammer .....?
I like Blanchflower, always worth listening to… but the answer is… likely to lead to GBP falling towards parity with the US dollar and either a huge further jump in inflation or interest rates (or more likely both). You might say that with our self imposed sanctions at a time of crisis we’re heading there anyway so it doesn’t matter… but that’s letting government off the hook with fatalism… they need to not * this up further…
[ narrator: they did * this up further ]
You know that was for an emergency 6 month thing with more to follow that would depend on what the energy market was doing etc.?
That’s the problem with the opposition announcing their plans earlier than government. Of course, many people were saying that Labour announced theirs too late as it was. 🤷🏻♂️
You know that was for an emergency 6 month thing with more to follow that would depend on what the energy market was doing etc.? But why let facts get in the way of a good troll I guess :p
That doesn't make a lot of sense. It doesn't matter what the energy is doing, you either have a price cap or you don't, that's the point - it guarantees a maximum price.
Or are suggesting that if there is a very substantial price increase in energy prices in say 6 months time there should no longer be a price cap?
And if the price falls in 6 months time the fact that there is a price cap will make no difference - it's a "cap" not a fixed price.
So what the market does is irrelevant. A price cap gives domestic consumers and businesses reassurance, guarantees, and the ability to plan.
Labour could have proposed a 18 month energy price cap, they didn't. And the reason they didn't according to the Labour Party leader and Shadow Chancellor is because they believe it is unaffordable. Pointing that out that fact isn't "trolling".
Looks like the US have just let her get all the Queenie stuff out of the way before a timely shot across the bows
Just a not-so-subtle reminder that if she tears up the Northern Ireland Protocol then she can forget any potential trade deals with the US
White House warns Truss over efforts to ‘undo’ Northern Ireland protocol
Given that she’s essentially just a sock puppet for the ERG and the cabinet is made up almost entirely of their number, I doubt even that will stop her from triggering Article 16 and starting a trade war with the EU
How on earth did we end up with these extremist lunatics at the helm? Where it’s necessary for the US to immediately issue warnings to the new PM about the consequences of her breaking international law, like we’re some mad rogue state. It’s truly tragic where this country now is under the influence of these unhinged nationalist headbangers 😢
Even by the somewhat flexible ‘values’ Lizzie holds I wonder, as she campaigned for remain, she could have imagined that’s where she’d end up, just to satisfy her apparently limitless narcissism and ambition?
Saw my parents last night, both voted leave and have voted Tory pretty much all their lives, in theory they are precisely the kind of people Truss has been desperately trying to appeal to.
I was struck just how unenthused they they were about Truss, like, 'really, is that all they've got!?'
Both would have preferred Sunak as he 'at least appears to live in the real world' regarding the economy.
It's not exactly a representative sample but if that's the reaction of two pretty true blue voters deep in the Tory Shires, Truss's new leader 'bounce' looks pretty much DOA.
Do they deliberately photograph her to try to make her look like a sex doll from Wilko? I’d have expected better from the Torygraph.
FFS dude! I've got enough to be getting on with without cleaning keyboards!
Reese Mogg has to be one of the worst for religious hypocrisy
Dunno, he seems to fit the mould for a good number of religious types. Seen the god-botherers across the pond and their attempts to create the new republic of Gilead?
I get that folk want to try and be positive about this but does anyone find the unbridled enthusiam of some of our furthest left cohort rather bizarre?
Gushing over Truss whilst flinging insults at anyone further right than He Who Shall Not Be Named. Have you actually moved so far left you're now at the other side of the circle? WTF is going on here?
For context this isn't hating on the left, it's questioning those who claim to be left yet seem to have this strange enthusiasm for Tory PM's.
That doesn’t make a lot of sense. It doesn’t matter what the energy is doing, you either have a price cap or you don’t, that’s the point – it guarantees a maximum price.
Because there's not just a single option of a blanket price cap? If energy prices keep increasing to ridiculous levels then a blanket cap with the difference funded entirely by the government might not be the best option. But perhaps it might be - seems sensible to me to get something done quickly as people need support now and review it as time goes on.
The main point is Labour never said "our entire solution is we'll support a 6 month price cap then then you're on your own" so comparing costs of a 6 month Labour plan with a presumably 18 month Tory plan is comparing apples and oranges
I get that folk want to try and be positive about this but does anyone find the unbridled enthusiam of some of our furthest left cohort rather bizarre?
Gushing over Truss whilst flinging insults at anyone further right than He Who Shall Not Be Named. Have you actually moved so far left you’re now at the other side of the circle? WTF is going on here?
For context this isn’t hating on the left, it’s questioning those who claim to be left yet seem to have this strange enthusiasm for Tory PM’s
Which is why nobody goes near ‘that’ particularly toxic thread other than the usual 5, furiously agreeing with each other. And why the same 5 then infect every other politics thread with stuff that should remain there, thus derailing them until boring everyone into submission
If you go far enough in either direction and you meet in the middle, around the other side.
Nothing has highlighted this more than Brexit and the politics it’s ushered in. Talk to your average Lexiteer (I know a few of them) and close your eyes and you could be listening to Nigel Farage
*sits back and awaits flaming by the usual 5*
For me I believe Truss will be a complete disaster as PM and that will lead to the collapse of the tory vote making the tories unelectable for decades and thus give the labour party time in government to undo the damage that 15 years of tory rule has done
Short term pain for long term gain.
Imo someone like Sunack who appears to be competent would perhaps damage the country less but certainly damage the electoral prospects of the tory party less.
Maybe I'm delusional but thats my thinking
For me I believe Truss will be a complete disaster as PM and that will lead to the collapse of the tory vote making the tories unelectable for decades
People were making that exact statement a few years ago about Boris
If energy prices keep increasing to ridiculous levels then a blanket cap with the difference funded entirely by the government might not be the best option.
What other options could Labour be considering - disconnecting domestic customers who can't afford their bills and letting businesses go under?
It is reasonable to expect Labour to reveal what options they are considering for a huge crises that is severely affecting millions of people.
I get that folk want to try and be positive about this but does anyone find the unbridled enthusiam of some of our furthest left cohort rather bizarre?
What enthusiasm? Some of us have pointed out that Truss isn't going to be the idiot 'sock puppet' which the liberal democrats on here arrogantly assume and that Starmer will need to up his game as a result. It's only been a day and pretty much everything I've said about Truss has already come true. All stuff which the likes of binners et al dismissed because they refuse to engage their brains and instead indulge in childish insults.
For me I believe Truss will be a complete disaster as PM and that will lead to the collapse of the tory vote making the tories unelectable for decades and thus give the labour party time in government to undo the damage that 15 years of tory rule has done
Tories unelectable for decades?
Maybe I’m delusional but thats my thinking
Definitely delusional. I can't even see the tories losing the next election, the red wall seats could go back to Labour but tories will still scrape through.
Not how I think a Christian should be acting towards others no.
It all tends to fail on 2 tenets of the faith:
Love thy neighbour as thyself
Judge not lest ye be judged
They manage to love the lord their god without a problem but forget the earthly component. (King James wording used because I like it).
Not according to the polls. Tories on course to loose hugely
Unless like Earnie you only look at the polls where labour does badly.
The current polls are showing a huge labour majority
Correct me if I’m wrong, but no policies, never mind the detail of those policies, have actually been announced yet, have they?
So what you’re commenting on is pure speculation, a lot of which will no doubt have been kite-flying and spin
Also Truss as pm increases the number of folk who are in favour of scots independence
For me I believe Truss will be a complete disaster as PM and that will lead to the collapse of the tory vote making the tories unelectable for decades
People were making that exact statement a few years ago about Boris
He was a disaster as PM, and his time as PM haslead to a collapse in Tory support, according to the polling and by-elections.
I agree that they can still win more elections though, including the next one. Demographic spread in the UK still stacks the FPTP odds in their favour, and that'll be made worse by boundary changes, plus they don't have any opposition party leaders that can hold the interest of voters to deal with. South of the border anyway.
FRACKING
What's the point? For anyone outside the "Institute of Economic Affairs" and fossil fuel industry inner circle that is.
https://www.telegraph.co.uk/business/2022/09/07/truss-fracking-ambitions-fuel-opposition/
For context this isn’t hating on the left, it’s questioning those who claim to be left yet seem to have this strange enthusiasm for Tory PM’s.
Don't confuse enthusiasm with resignation. We can't change the outcome, can't even influence it right now, but maybe there is a glimmer of hope that she won't be quite as disasterous as we have come to believe?
Maybe? The bar is quite low though...
I think that is probably the lie we keep telling ourselves as the alternative is abject horror from staring into the abyss that is another two years (maybe more) of tory government (and their continous shift further right)
FRACKING
What’s the point?
It’s just more right wing ideology which, post-Brexit, is now some weirdly empowered cult, with the stereotypical over-zealous convert now leading it
Everyone with any knowledge of the global energy markets knows it’ll make no difference at all, but it’s just another article of faith for the Uber-free-marketeers currently in charge
Correct me if I’m wrong, but no policies
Apart from a 130bn bailout of the energy industry to cap energy bills. Seems like a pretty big policy to me, and one which you lot said she wouldn't do because she was a rightwing ideologue. 🤷♂️
It isn’t policy yet. It’s speculation.
What other options could Labour be considering – disconnecting domestic customers who can’t afford their bills and letting businesses go under?
Yes, that's exactly it 🙄
The alternatives have been discussed in the relevant thread, market reform would be another option.
Some of us have pointed out that Truss isn’t going to be the idiot ‘sock puppet’ which the liberal democrats on here arrogantly assume
Oh that's a new one, is that the new code word for centrists?
And that's a rather bold assumption, she's been a sock puppet for years albeit a wind sock, what makes you think she's going to just all of a sudden grow a spine and adopt principles?
As has been pointed out, she hasn't just appeared from nowhere, peoples scepticism is based on a long and well documented track record.
It isn’t policy yet. It’s speculation.
Oh give over. It's been trailed so heavily in the media for the past 48 hours that it's nailed on it's going to happen. Come back in a few hours and then tell me I'm wrong.
what makes you think she’s going to just all of a sudden grow a spine and adopt principles?
Where have I said that? I've been saying for some time that she's not the ideologue she pretends to be and that the lib dems on here say she is. The fact that she's about to spend more than four times as much as labour were proposing on the energy crisis proves that. I have no doubt she's ideologically committed to tax cuts, that much is obvious. As with Johnson though where she departs from the rightwing script is how she will fund them. So while labour pursue the deadend obsession about where the money is coming from, she'll get on with policies which have a direct impact on the finances of millions, and no doubt win millions of votes in the process.
Liz Truss will be seen as doing well, not because she’s any good, but because the expectations are so low.
Beware
People were making that exact statement a few years ago about Boris
You know how in Star Wars Anakin is meant to be the saviour and bring balance to the Force, then he doesn't, then he finally does but not in the way you expect? This is like that.
The fact that she’s about to spend more than four times as much as labour were proposing on the energy crisis proves that.
She's all about funnelling money upwards, not least to the fossil fuel companies she has worked for and lobbied for. She could just tax a lump of it back. It's not like the budgets for schools, hospitals etc are looking healthy as their costs are increasing every day their heads/managers sit down to look at the books. Never mind most of us having a real incomes cut by another 10% this year. Got to protect those big company profits though...
And a longer plan costing more than a shorter plan is just the same old Conservative trick. Like when public sector workers ask for a 4% pay increase... and then get a 5% increase (ooo... it's more) spread over 5 years (oh, it's bugger all).
That it'll cost more to reduce bills over a period that's many times longer is just maths. Making sure all that money isn't just pissed away as profits for the companies/sector the PM works for is key here.
Don’t confuse enthusiasm with resignation. We can’t change the outcome, can’t even influence it right now, but maybe there is a glimmer of hope that she won’t be quite as disasterous as we have come to believe?
Definitely this, most of us have to live in this country and would prefer it not to go completely down the pan. I'll clutch any straw on offer at the moment.
She’s all about funnelling money upwards, not least to the fossil fuel companies she has worked for
Of course she is, she's a tory! The problem for labour is that people don't care where the money comes from or where it goes, all they care about is their bills not going up and the amount of tax going out of their pay packets going down. The danger for Starmer and labour with all this 'where is the money coming from' stuff is that the voting public will interpret that as not wanting to do anything about bills and ultimately not being on their side.
For anyone outside the “Institute of Economic Affairs” and fossil fuel industry inner circle that is.
Who else matters?
In some ways considering they have squandered the North Sea supplies it would make certain sense to have some fracking as part of a strategic reserve eg not sold on the open market but used purely domestically.
don’t care where the money comes from or where it goes
Yes, they do. See VIP lanes used by the opaque shell companies of Tory donors to take our money for old rope, while denying people on Universal Credit an uplift to deal with the fallout from the pandemic.
People DO care where the money goes. If they don't, then sit back and enjoy the Tories taking the country for a ride for decades.
And just saying "but they're Tories, don't mention it, let them get away with it" is just enabling them, pure and simple.
She is in there to protect the oil and gas extraction industry. She is their person. If you give even the smallest shits about climate change you should be up in arms, not shrugging as she does their bidding.
And just saying “but they’re Tories, don’t mention it, let them get away with it” is just enabling them, pure and simple.
FFS no one has said that. But whether you like it or not the priority of voters is the direct financial impact on them, not whether shareholders in Shell get paid a higher dividend. Starmer is right in calling for a windfall tax, but he's wrong on the scale of it, and wrong to be focusing on how a bailout is paid for. He should be calling for nationalisation of the energy companies, but he won't do that for reasons we all know.
FRACKING
What’s the point?
Surely it's obvious? Energy security, making money, possibly reducing prices, looking good politically to people who don't care about climate change.
I'm not in favour of it, mind, but it's not hard to see why people would be.
The more the LP fail to distinguish themselves from the Tories the more likely it is the Tories will be re-elected. She's already outgunned them on the price cap (Rayner: 'we can't keep pouring money in') and previously on the minimum wage IIRC.
As someone to the left of many, I was in principle for Brexit but feared in practice a weakened TU movement would be further destroyed by deregulation and so voted remain. Energy bills are only part of the forthcoming economic implosion, I expect her hand will be forced all over the place by events in the hope of political survival and the LP will be a supine onlooker arguing for fiscal responsibility.
"suspension of green levies" [ cheers in the house ]
"energy supply workforce" [ accelerating North Sea oil and gas extraction, lowering prices paid to renewable producers ]
Don't like her or her protectionism of the fossil fuel industry but the MPs in the commons of all parties are an absolute disgrace during this announcement - you have millions of brits waiting with baidted breath to hear the details of the help package and all they can do is bray and intervene constantly to make party political points. They are not representing their constituents' interests with this. Just let the announcement be made in full then debate the details...grrrrrr
the lib dems on here say she is
Once again, is this a new code word?
is this a new code word?
It's 'code' for being lib dems. What bit of that don't you understand?
grrrrrr
It does sound awful. It's often like this. The whole "two sides of the house" competitive noise thing turns people away from politics. They should look at shutting the whole place down, and move MPs into a new modern chamber.
And BOOM that's the ban on fracking now been lifted. **** the planet and renewable energy generation, why not.
I think this taxpayer funded price cap is an incredibly dumb decision.
The price of gas/oil and any commodity is set by the supply and demand balance.
We have less gas than less winter because of Putins antics, so the price will keep rising until demand drops to match the new lower output. Basically we have to suck it up, turn the heating down and wear more layers until we can build up alternative renewable energy sources.
If Truss is subsidising our energy bills (running up debts for our children to pay off), then the natural feedback mechanism is broken and people will still be wearing shorts and T-shirts in the winter with the heating set on 25degC - the price will keep rising funnelling more cash to the energy companies and putting U.K. PLC in deeper debt. The only winners will be the energy companies.
At least she's united the opposition benches.
people will still be wearing shorts and T-shirts in the winter with the heating set on 25degC
No, they won't. This winter's domestic unit prices are huge already ahead of this winter. Far higher than last winter. There will still be downward pressure on energy use due to high costs. For the many not the few anyway.
The only winners will be the energy companies.
That's what needs addressing. Truss is changing things to make sure that renewable producers aren't winners... nothing to restrain the huge wins for the fossil fuel companies... just help to extract more.
If Truss is subsidising our energy bills (running up debts for our children to pay off), then the natural feedback mechanism is broken and people will still be wearing shorts and T-shirts in the winter with the heating set on 25degC – the price will keep rising funnelling more cash to the energy companies and putting U.K. PLC in deeper debt.
You're not advocating letting the markets decide, are you?
Starmer doing well on emphasising who'll pay and who'll benefit.
If Truss is subsidising our energy bills (running up debts for our children to pay off), then the natural feedback mechanism is broken and people will still be wearing shorts and T-shirts in the winter with the heating set on 25degC
Well they will still be paying more than double what most were paying last winter.
This scheme is simply to avoid the economy collapsing. Which it would of if this was left unchecked.
I don't agree with this scheme as it is, it should been a windfall tax on energy companies not something we will be paying for years to come.
Starmer doing well on emphasising who’ll pay and who’ll benefit.
And where we went wrong as a country, stopping on-shore renewables ramp up and making us vulnerable to gas prices. Truss is just going to make us MORE vulnerable to gas prices in future.
I think this taxpayer funded price cap is an incredibly dumb decision.
So you think allowing the economy to collapse is a price worth paying to protect the principle of free markets? Do you even have any idea what economic collapse means? You will suffer unimaginably if it happens, why do you want it to happen? I presume you've stocked up on tinned food and bottled water?
BTW Starmer doing much better than yesterday. Focusing on the fairness and morality of allowing energy companies to profit as a result of Putin's war and supporting renewables rather than the minutae of govt financing. In contrast Truss struggled to explain what she was going to do and why it was the right thing. Starmer won that hands down.
Theresa May sounds very happy we have a new PM, anyway.
BTW Starmer doing much better than yesterday.
Sounded very much like Miliband (the new Ed, not the one we saw as leader) wrote much of that little speech (I could hear him delivering it)... it was much needed.
So you think allowing the economy to collapse is a price worth paying to protect the principle of free markets?
I'm not convinced that's the only alternative.
and people will still be wearing shorts and T-shirts in the winter
Sod T-shirts and shorts - I'll just be wearing my speedos! 🙂
This plus the £400 rebate means I'll be better off for the next 6 months to the tune of about £40 a month.
Which shouldn't be the case without means testing everyone, but that would cost too much and take too long.
Theresa May sounds very happy we have a new PM, anyway.
Possibly because every new PM since her makes her look better and better?
I think this taxpayer funded price cap is an incredibly dumb decision.
The price of gas/oil and any commodity is set by the supply and demand balance.
We have less gas than less winter because of Putins antics, so the price will keep rising until demand drops to match the new lower output. Basically we have to suck it up, turn the heating down and wear more layers until we can build up alternative renewable energy sources.
If Truss is subsidising our energy bills (running up debts for our children to pay off), then the natural feedback mechanism is broken and people will still be wearing shorts and T-shirts in the winter with the heating set on 25degC – the price will keep rising funnelling more cash to the energy companies and putting U.K. PLC in deeper debt. The only winners will be the energy companies.
There was a piece in The Spectator saying similar on Tuesday:
The madness of Truss’s energy price cap.
I don't normally agree with what they write there but this seems to be right to me. This price cap should be paid for by a combination of Windfall Taxes, using that to reduce people's bills and to encourage the investment in more robust energy supplies in the future. All this current solution does is protect corporate profits at the expense of limiting our options to respond to any further issues.
I’m not convinced that’s the only alternative.
I'm all ears.
Someone made the point that Starmer might have a problem because Truss is more serious than Boris. To be honest Starmer is a Lawyer, his trade is in serious, so in theory he should fair well against Truss and a more conversational style of exchanges.
Guess we'll find out over the next few months, thought he done well there.
Never mind most of us having a real incomes cut by another 10% this year. Got to protect those big company profits though…
If we can't afford to buy, there are no profits.
Yes, that’s exactly it 🙄
The alternatives have been discussed in the relevant thread, market reform would be another option.
Oh so now voters now have to check on STW to see what options Labour might consider in 6 months time? ffs 🙄
Labour needs to come up with credible proposals to put to voters and potential supporters.
I certainly support Labour's call for a windfall tax but limiting their price cap to 6 months when the Tories are suggesting 3 times that isn't particularly appealing.
Nor am I particularly impressed by their fiscal prudence attack line - it sounds rather thatcherite to me, and by the way I believe that Thatcher was the first to come with the idea of a "windfall tax", in her case to deal with the embarrassingly high profits made by the banks.
For me the solution to runaway profits made by a monopoly critical industry is nationalisation - not windfall taxes.
Something big going on in the House of Commons.
Balmoral?
I think the Labour 6 month energy plan is better than what Truss is offering.
No one knows what energy prices will be in 18 months time, they could skyrocket or they could plummet, especially if the global economy goes into a deep recession and demand falls.
I remember in the book 'Black Swan, which called out the 2008 crash before it happened, (citing Fannie Mae and Freddie Mac as the likely culprits) the author mentioned that people are paid hundreds of thousands of dollars to predict next year's oil prices whilst he, (a hedge fund manager no less) said that if the wanted to know next year's oil price he'd ask his taxi driver.
If we can’t afford to buy, there are no profits.
You've missed the memo... the government are going to be buying energy for us... for now... so the fossil fuel company profits are coming from the government... also while it's true that many of us can't afford to buy... a few others are still dripping in money... income restraint has been for the lower and middle waged people only... huge increases have been happening for others.
Scrapping green levies and nothing to encourage energy saving (insulation, replacement windows and doors) or looking at things like micro-generation, remove VAT on solar panels - the only ‘green’ thing about this is the volume of bank notes being printed.
I’m not convinced that’s the only alternative.
Why? Do you think small businesses can absorb the extra cost of their energy bills increasing by a factor of 6? They can't. If they don't cap bills for both households and businesses (and TBH I didn't hear anything from Truss about business support) then hundreds of thousands, if not millions of businesses will go bust, resulting in millions of jobs being lost. Investment across the economy will collapse, supply chains will collapse, inflation will accelerate out of control and the value of savings and pensions will be wiped out. Doing nothing about energy bills will unleash economic armageddon like we've never experienced. If you seriously think not doing anything is a viable option, then you should start stocking up on supplies.
grrrrrr
@pedlad : Well... apparently Truss chose this "interruptions welcome" style of address, so that she could get helpful questions from her benches. So the noise and appealing for a chance to ask questions was her choice, she could have had an uninterrupted way of presenting her policies but she chose not to.
No one knows what energy prices will be in 18 months time, they could skyrocket or they could plummet, especially if the global economy goes into a deep recession and demand falls.
So what is the problem with having a 18 month price cap then? Are you suggesting that the government might not be able to afford a price subsidy if prices "skyrocket"? So how will households and businesses cope?
And I can't see any problem if prices actually fall - can you?
Balmoral?
Jeez that's all we need. Would be somewhat ironic though if the effort of appointing Truss tipped her over the edge. 😳
https://twitter.com/ChrisMasonBBC/status/1567839272723513346?s=20&t=2Ho9TMoRVrr6DXV4vKdBdw
So you think allowing the economy to collapse is a price worth paying to protect the principle of free markets? Do you even have any idea what economic collapse means? You will suffer unimaginably if it happens, why do you want it to happen? I presume you’ve stocked up on tinned food and bottled water?
No, of course not. You have misunderstood what I’m saying.
I’m against us borrowing billions to put directly into the energy companies pockets.
Ultimately we need to use less energy this winter because the supply isn’t there and no amount of subsidy is going to change that, a rousing call to arms from Truss (never going to happen)for us all to turn the heating down a few degrees and see how long we can go before putting the heating on would be a start, this would bring the price of gas down which in turn would hurt Putin and hampen his war effort. Longer term we need to invest more in renewables and provide grants to improve the insulation in our homes.
Also I don’t see a problem in having some level of subsidy but this should be taken from the energy company profits. It’s not actually hurting them at all. The cost of gas/oil production has not suddenly gone up, so they’d still be making bumper profits if it was capped at its current rate, all it does is stop them making extra profits from Putins war.
You have misunderstood what I’m saying.
Deliberately, perhaps. He gave you the chance to explain your own position very clearly though. I for one agree with you.
Ultimately we need to use less energy this winter because the supply isn’t there
Evidence for that? I've seen no indication that supply is at risk, the problem is the increase in the price of energy as a result of speculation on international wholesale markets. If that increase is passed on to conusmers then the economy will collapse. It's as simple as that.
Even if we could reduce our demand (which will already be happening naturally) we couldn't reduce it enough in the short term to absorb the impact of higher prices (how does a chip shop or restaurant instantly use 6 times less gas?). We have a simple choice, protect consumers from interstallar energy prices, or don't. If we don't it will be enormously more costly to the economy and people's lives than if we do.
Jeez that’s all we need. Would be somewhat ironic though if the effort of appointing Truss tipped her over the edge. 😳
My BIL is a Captain in the navy and has been drilling for the funeral this weekend
Truss will looove the opportunity to drape herself in the pageantry 🙄
"So what is the problem with having a 18 month price cap then?"
An 18 month price cap that protects energy companies profits versus a six month plan that includes a windfall tax and a chance to re-evaluate the situation come spring.