What is that "mate" of mine Sadiq Khan trying to achieve ?

 

You lost you demented little cretin, get over it and concentrate on your job you terrorist sympathiser.

3 minutes ago, Not in Crawley said:

You are more Labourite than I am.

I wasn’t lying when I said I’ve always voted Labour, in saying that I’ll back our government if I think it’s right be that Labour or Tory. On this windfall tax issue they are so wrong it’s beyond belief.  

6 minutes ago, Not in Crawley said:

But that isn't her ideological econmic position, and neither is it Kwarteng's. It was clear in the whole, I will govern as a Conservative part of her acceptance speech she is going to be firm on the traditional economic growth through small state and big business. They will never go hard on 'wealth generators' despite billions in bonuses, poor delievery and people being hit hard.

What they will do is actaully have to go against their instincts but they will borrow to ease the energy issues this winter and then hope that by cutting taxes (which only helps the rich really) and giving breaks to business' that this stimulates economic growth required. We shall see. Its a very traditional Conservative model, the question is, can it by applied at this time and will 2 years being enough for it to bare fruit?

Yes that’s their idealogical position, however they said she was pragmatic, even if the bill was part for by windfall tax part spread over the next 10-20 years I’d have gone with that, sadly no pragmatism shown whatsoever.

To cap prices, the Govt has to make up the shortfall.

There are 2 ways of doing this. 1. Tax the energy companies excessive profits 2. Borrow yet more money that Joe Public has to pay back.

ie make Tory donors pay OR make the man on the street pay. Labour would tax the energy companies, the Tories keep pandering to the big companies.

3 minutes ago, Traf said:

To cap prices, the Govt has to make up the shortfall.

There are 2 ways of doing this. 1. Tax the energy companies excessive profits 2. Borrow yet more money that Joe Public has to pay back.

ie make Tory donors pay OR make the man on the street pay. Labour would tax the energy companies, the Tories keep pandering to the big companies.

A mix of both the above would also show folk that we are all in it together… seems we ain’t. Don’t think she’s or the Tories are going to last the course. 

Edited September 7, 20223 yr by Mounts Kipper

The issue is though, the energy companies are making profits beyond reasonable levels.  They all make very good returns in normal times but now the levels of profit are obscene while folk are really struggling.

Put it another way, if energy prices plummeted to a level where energy generation cost more than they could sell it at you can be sure they would be lobbying the government.

@birch-chorleywas saying elsewhere that the profits the big boys make are irrelevant in all this. 

They actually make very little in the UK.

9 minutes ago, gonzo said:

@birch-chorleywas saying elsewhere that the profits the big boys make are irrelevant in all this. 

They actually make very little in the UK.

He’s right.

We can’t tax a company based in the Cayman Islands.

People seem to think E-On are just sat in london on a pile of cash like the one in Breaking Bad.

Doesnt work like that.

in the end, the only natural conclusion we’ll reach is nationalisation, because that’s the only way to be certain that the money flows in on, traceable direction.

Tax, be it windfall or an increase on profits, will be a drop in the ocean.

Truss, I’m rather surprised to find myself saying, is being pretty straight here.

Its a bail out we’ll get. Plain and simple.

22 minutes ago, Traf said:

To cap prices, the Govt has to make up the shortfall.

There are 2 ways of doing this. 1. Tax the energy companies excessive profits 2. Borrow yet more money that Joe Public has to pay back.

ie make Tory donors pay OR make the man on the street pay. Labour would tax the energy companies, the Tories keep pandering to the big companies.

Yes quite. Liz and her team will not budget from the position that you keep big business free from the state, they generate income for the economy and this will then enable society to pay their debts.

They will never go for the energy companies, simply because they don't think it will work in the long term. They think its a socialist sugar hit which will then go back to tax and spend and the long term future isn't secure. 

1 minute ago, Spider said:

He’s right.

We can’t tax a company based in the Cayman Islands.

People seem to think E-On are just sat in london on a pile of cash like the one in Breaking Bad.

Doesnt work like that.

in the end, the only natural conclusion we’ll reach is nationalisation, because that’s the only way to be certain that the money flows in on, traceable direction.

Tax, be it windfall or an increase on profits, will be a drop in the ocean.

Truss, I’m rather surprised to find myself saying, is being pretty straight here.

Its a bail out we’ll get. Plain and simple.

Yep, we will. She has been pretty clear about what is coming.

4 hours ago, Traf said:

I've just heard someone describe Jacob Rees-Mogg as 'a victorian ghost pencil' 

8 hours ago, Mounts Kipper said:

Cheap loans to energy companies to be paid back by the general public over the next 20 years, while companies who’s profit inflated by the cost of energy are given a tax cut and pay nowt…. Fucking outrageous… let’s get an election and let the people speak, sooner the better. 

Amen brother.

 

3 hours ago, kent_white said:

I've just heard someone describe Jacob Rees-Mogg as 'a victorian ghost pencil' 

 

17 hours ago, Sweep said:

She did OK, but I can't help but think they took it a bit easy on her. I suppose they'll have a go next week, once she releases her plan about how to deal with the energy crisis (especially as she's ruled out a windfall tax....which I assume means that "we" will eventually have to end up paying for any support that we get over the coming months)

Anyhow, as Spider says, she certainly seemed to be a little more coherent and at least attempted to answer some questions, unlike her predecessor.

I'm not sure she did enough though for Bolty to claim her as the next Boudicca, just yet......

The next Nellie Pickles. A proud Farnworthian.

22 hours ago, Winchester White said:

Twas simply an observation. You are such a woke snowflake.

I know. The obergrueppenfuehrer said the same thing at last nights rally.

I do wonder if we need to address the whole democratic system. Four year cycles in the age of the internet is encouraging sound bites and populism to the detriment of the county. 4 prime minister's in 6 years is just plain crazy. If the Tories had had 16 years from the start they would have made some very different choices, many I would not have agreed with but I'm sure we would be in a better place. 

4 minutes ago, Nowack said:

I do wonder if we need to address the whole democratic system. Four year cycles in the age of the internet is encouraging sound bites and populism to the detriment of the county. 4 prime minister's in 6 years is just plain crazy. If the Tories had had 16 years from the start they would have made some very different choices, many I would not have agreed with but I'm sure we would be in a better place. 

I'm not sure having a vote every 16 years is the way to go either......

I'm fine with every 5 years as we have it at the minute - changing of leaders part way through, I'm not so happy with (and yes, I know we vote for a party, and not a leader)

Truss is making a decision today that is pretty much a culmination of several years of Boris Johnson’s “let’s wake up and see how we put out yesterdays fire” approach.

she’s only partly to blame as she’s sat nodding along for years but we’re not here today solely because of the current incumbent.

Its no accident that the UK is suffering more than most.

still, at least we’re out of the EU and able to do this without their help or interference.

12 minutes ago, Sweep said:

I'm not sure having a vote every 16 years is the way to go either......

I'm fine with every 5 years as we have it at the minute - changing of leaders part way through, I'm not so happy with (and yes, I know we vote for a party, and not a leader)

Not really advocating 16 years, I don't really have a solution. It's more the short term-ism of it all at the moment not being conducive to making difficult decisions.

Blair said in his book that to effect any real change a party with a coherent strategy (as in not just a party who changes ideals every two minutes) needs a minimum of two terms before your can see the policies take root.

That not to says giving people ten years as their strategies might be a load of bollocks in which case we can oust them.

39 minutes ago, Spider said:

Truss is making a decision today that is pretty much a culmination of several years of Boris Johnson’s “let’s wake up and see how we put out yesterdays fire” approach.

she’s only partly to blame as she’s sat nodding along for years but we’re not here today solely because of the current incumbent.

Its no accident that the UK is suffering more than most.

still, at least we’re out of the EU and able to do this without their help or interference.

How would the EU help us? There’s countries in the EU who are seeing bigger price hikes than us. 

8 minutes ago, royal white said:

How would the EU help us? There’s countries in the EU who are seeing bigger price hikes than us. 

The usual blah, blah, blah.

Without us, the eu would be in significantly worse an energy crisis. The usual suspects conveniently ignore the fact that we're pumping lots if gas their way.

No one has it perfect at the moment, but, typically, the moaners just stick with their rhetoric whilst ignoring the bleeding obvious.

 

I am lost, what's the EU got to do with it all?

6 minutes ago, Winchester White said:

I am lost, what's the EU got to do with it all?

Spiders going to explain how having higher bills whilst you’re in the EU is somehow better 

Edited September 8, 20223 yr by royal white

18 minutes ago, Winchester White said:

I am lost, what's the EU got to do with it all?

Nothing in terms of costs- we're all subject to the same international prices. Then additional bits on top as decided by individual nations.

In terms of supply however,  the uk has been pulling out the stops and greatly helping Europe (and by default the eu) by bringing in lots of lng (which many European nations don't have the facilities to handle) and pumping it via lines to Belgium and Holland (think its those two, but might different).