Member-only story
There is a consensus that Energy profiteering is at the centre of the OECD’s inflation crisis. This is exacerbated in the UK due to privatisation and asset stripping of the gas and water companies. Brexit hasn’t helped.
Boris says he’ll do nothing and leave it for the next Prime Minister, Truss says she’ll do little except possibly bung the energy industry some wonga.
The silence has been deafening but even Gordon Brown felt safe enough to make a comment.
A friend/correspondent, Paul Cotterill, proposes his 13 point plan, which seems well thought out but will be ignored. There’s some complexity in the regulatory regime which currently discriminates against those that have to prepay and renewable energy providers. Another friend correspondent, the “Forensic Socialist” writes about the energy extraction companies and their profitability as the centre of the problem.
After a week, Labour come out with a plan, which focuses on households leaving businesses inc. water and councils and other public services to continue to pay too much. It’s not going to be implemented so it doesn’t really matter and if his internal critics shut-up, it might at least skewer the Tories. Labour plan to cap energy prices and tax profits, encourage renewables and insulate the coldest homes. It’s extraordinarily expensive, even if fully funded; he plans to spend in 6…
