I was not expecting the council tax rebate but having to pay back the energy discount won’t help many families and it’s extremely unsatisfactory when companies like Shell are allowed to continue raking in massive profits which they pass onto their shareholders at a time when many consumers will struggle to make ends meet.

@1489201858262581248

 

absolutely psychotic

 

targeted, tiny one-off discounts that people will have to repay anyway

This discount is the stupidest thing I have ever heard of in my entire life. Of course it came from the mind of a billionaire

 

Not sure I agree with this. The reasons for energy prices going up isn't down to the energy companies themselves, it's down to Governmental policy and resources. For the short term benefits nationalising would bring, there's also a whole host of other problems associated with it, both in the short term and the long term. Ultimately for the tax payer, I don't believe nationalising the energy sector provides good value for money.

Nah mate. Nationalisation cuts out the redistribution of excess funds to shareholders and allows a switch in thinking from short term focus only on shareholder wealth to actual long term projects. Nationalisation of key infrax allows for better long term planning which is what we need right now at a time of massive upheaval in how we heat and power our world. No one is suggesting (and if they are they’re morons) that we wouldn’t see price rises under a nationalised industry - we would they’re coming from global market conditions, but rather that instead of 19$bn being paid out to shareholders that could have been used in a nationalised energy company to absorb more of the cost rises rather than the end consumer being the one who pays

 

 

———

 

Surprised I’ve not heard much about the broad shoulders of the UK now that it’s Scottish electric bill payers that are subsidising the English (they never shut up when it’s reversed, or at least when they imagine it to be reversed). 98%+ of Scotlands electric comes from renewables, gas is a tiny tiny fraction of the mix. My parents are equally footing the bill for price rises when all their power is coming from wind. Why should Scotland pay for Englands over reliance on imported Gas? But also if we had a nationalised gas extraction then we’d provide ourselves with gas at cost which would actually cut the cost right down. Sure there would be an argument for economic loss on paper of the opportunity not taken to sell it at market value but the joy of nationalisation is that profit is not a metric and they’d fulfill their public service needs by just covering their extraction costs with a lil slush fund for investments in new infrax.

Nah mate. Nationalisation cuts out the redistribution of excess funds to shareholders and allows a switch in thinking from short term focus only on shareholder wealth to actual long term projects. Nationalisation of key infrax allows for better long term planning which is what we need right now at a time of massive upheaval in how we heat and power our world. No one is suggesting (and if they are they’re morons) that we wouldn’t see price rises under a nationalised industry - we would they’re coming from global market conditions, but rather that instead of 19$bn being paid out to shareholders that could have been used in a nationalised energy company to absorb more of the cost rises rather than the end consumer being the one who pays

———

 

But you have to pay an inflated price to buy out the companies in the first place (not value for money) to give the shareholders their price. Not convinced it would be value for money and the cons outweigh any pros in my opinion. There are better and cheaper ways for the Government to influence the energy sector that are beneficial to the tax payer.

Not necessarily. You wouldn’t have to pay inflated costs to shareholders, just a fair market value. The hidden cost is any debts due on change of ownership but given it’s a government coming in they can handle that without much issue.

 

 

https://www.lexology.com/library/detail.asp...7f-b491fa4be76c - found this an interesting read. By swapping bonds for equity the gov wouldn’t necessarily be going mad with the chequebook and borrowing costs because they then have the value of the company balancing it out. It’s worth keeping in mind that by nationalising it we’re getting assets as well as liabilities and a client list.

Johnson's longstanding policy chief resigning (citing the Starmer smear as a reason) and Sunak repeatedly throwing him to the wolves this afternoon. Could this be the end of the road for im?

Edited February 3, 20223 yr by Smint

Not necessarily. You wouldn’t have to pay inflated costs to shareholders, just a fair market value. The hidden cost is any debts due on change of ownership but given it’s a government coming in they can handle that without much issue.

https://www.lexology.com/library/detail.asp...7f-b491fa4be76c - found this an interesting read. By swapping bonds for equity the gov wouldn’t necessarily be going mad with the chequebook and borrowing costs because they then have the value of the company balancing it out. It’s worth keeping in mind that by nationalising it we’re getting assets as well as liabilities and a client list.

 

But we'd still be talking billions of £. I'd understand we are buying the assets, but then sometimes not been run as an efficent business has counter effects too. I see the pros and I see the cons, but personally for me I just don't feel it would be value for money for the tax payer.

 

Johnson's longstanding policy chief resigning (citing the Starmer smear as a reason) and Sunak repeatedly throwing him to the wolves this afternoon. Could this be the end of the road for im?

 

The beginning of the end happened a long time ago. Sunak was careful with his words, as I suspect the rest of the cabinet will be after the public opinion went the other way. I still think he will be in power for a long time, as can't see the tide really turning unless they get a battering in the local elections.

@1489201858262581248

 

absolutely psychotic

 

targeted, tiny one-off discounts that people will have to repay anyway

 

Absolutely pathetic from the Chancellor. And hitting already stretched Council funding in the process.

Rats fleeing the sinking ship etc.

 

@1489309777943535616

But we'd still be talking billions of £. I'd understand we are buying the assets, but then sometimes not been run as an efficent business has counter effects too. I see the pros and I see the cons, but personally for me I just don't feel it would be value for money for the tax payer.

The beginning of the end happened a long time ago. Sunak was careful with his words, as I suspect the rest of the cabinet will be after the public opinion went the other way. I still think he will be in power for a long time, as can't see the tide really turning unless they get a battering in the local elections.

 

Is it value for money for the tax payer you worry about or stuck to a failed free market ideology?

Rats fleeing the sinking ship etc.

 

@1489309777943535616

 

Something a bit off about these resignations (some of which aren't actually resignations, just moved to different posts). Wonder if they have seen more of the Sue Gray report and are jumping before being pushed.

 

Is it value for money for the tax payer you worry about or stuck to a failed free market ideology?

 

I don't see how it has failed? The issues created are down to Government policy and issues we have never dealt with in our lifetimes along with the move to net zero and renewables not delivering across the world yet. Buying the major energy companies does not represent value for money to me. We'll be nationalising all food manufacturers at this rate later in the year!

When I see stuff like that all I wonder is whether this 'storyline' was planted to try and detract from the energy increases today......

Something a bit off about these resignations (some of which aren't actually resignations, just moved to different posts). Wonder if they have seen more of the Sue Gray report and are jumping before being pushed.

I don't see how it has failed? The issues created are down to Government policy and issues we have never dealt with in our lifetimes along with the move to net zero and renewables not delivering across the world yet. Buying the major energy companies does not represent value for money to me. We'll be nationalising all food manufacturers at this rate later in the year!

 

That’s not a fair comparison though.

 

The energy market is a fake market where owners (usually not even from the Uk) make huge profits at the expense of a poor service which we over pay for. It’s like saying nationalising the NHS wasn’t value for money for people in 1945 when we all know it’s far fairer than a private system and everyone can get fair and equal access and if it doesn’t work there is far more democracy than when the free market rules the roost.

While this chaos was ongoing in the past 24 h they decided to sneak out a load of private messages that were sent between Matt Hancock (former Health/Social Care Secretary) and Owen Paterson over the Randox £600 million contracts scandal. Pretty dire stuff- bullying civil servants into giving special treatment to Randox.

 

https://bylinetimes.com/2022/02/03/governme...ndox-contracts/

Bloody hell. It’s tough to keep up with this lot

Keep voting Tory my English friends, yous never learn!

And in no surprise whatsoever, Keir Starmer has been mobbed by anti vaxx thugs outside the House of Commons who have called him a 'Padeophile protector' and shouting about 'Jimmy Saville'. Johnson will be well pleased about how the connection has been stuck and carrying on whipping up the Far Right.

 

In completely unrelated news ahem, French Far right Presidential candidate, Eric Zemmour (who is even more racist than Marine Le Pen) has said that Johnson is the leader he most identifies with. Funny that!

Similarly, Trump said that people called Johnson „Britain trump“ (I mean we will ignore the pigshit thick moron saying Britain instead of British) and he thought he was bragging but similarly I’m not so sure Johnson was so thrilled 😂😂😂

There are a lot of parallels between Johnson’s government and Trump which are quite concerning. The smear on Starmer was grossly inaccurate and unfair and has resulted in violence, just like Trumps behaviour before he left office. The way MPs behave does have a direct impact on the general public and if you have people who are not good role models in power then that tends to rub off on the general public.

Edited February 8, 20223 yr by slowdown73

So Jacob Rees Mogg has been moved sideways from Leader to the House to Minister of Brexit opportunites. He'll excel in that role - as due to his hedge fund operation he knows all about Brexit opportunities going to him and his cronies pockets!

So Jacob Rees Mogg has been moved sideways from Leader to the House to Minister of Brexit opportunites. He'll excel in that role - as due to his hedge fund operation he knows all about Brexit opportunities going to him and his cronies pockets!

 

Promotion isn't it? He's a fully fledged Cabinet member now from what I have read. This Cabinet is made up of pure ideology rather than experience.