news & politics:discussion

[squirrelarmy]

46 minutes ago, Ozanne said:

She’s actively putting energy firms first here. 

Which is why they have funded her rise to power. 

[Guest]

38 minutes ago, squirrelarmy said:

Which is why they have funded her rise to power. 

You could be right with that. 

[steviewevie]

42 minutes ago, squirrelarmy said:

Which is why they have funded her rise to power. 

you still doing the don't pay thing?

[Kurosagi]

1 hour ago, phimill said:

My proposal on the "windfall tax" would be:

Energy giants have their profits capped at FY21 levels (already inflated due to Covid)

Remaining UK profits held by UK government, these profits can be returned to the company based on a sound investment plan to green energy once the investment has occurred and green efficiencies in place (current profit levels should allow for investments to take place). Any profits not planned to be re-invested into the green energy are used to offset the borrowing used to implement the new cap

Like it, but too rational for our right wing ideologues.

Although I'm not sure it would generate enough money to cover the cap even at the eye watering £2.5k level...people on here have already pointed out that we can only cap their profits based on what they're making in our territories, which I seem to remember labour suggesting would be £8bn, nice, but far short of what is needed.

[steviewevie]

 

[Kurosagi]

1 minute ago, steviewevie said:

 

People in american politics would laugh at how cheap it is to buy UK politicians. £100k wouldn't even buy a table at a senate race fundraiser.

[Crazyfool01]

5 minutes ago, steviewevie said:

 

one for starmer at PMQs ? blindingly obvious stuff they dont even seem to bother attempting to hide anymore !!

[Guest]

10 minutes ago, steviewevie said:

 

There we go then. 

[phimill]

8 minutes ago, Kurosagi said:

Like it, but too rational for our right wing ideologues.

Although I'm not sure it would generate enough money to cover the cap even at the eye watering £2.5k level...people on here have already pointed out that we can only cap their profits based on what they're making in our territories, which I seem to remember labour suggesting would be £8bn, nice, but far short of what is needed.

If we can only cap on profits in our territoires, that means that the windfall tax sure can only be on the profits from the same territoires. Thus windfall would max be £8bn - could be a reason why it isn't being taken. Still that £8bn would improve the time to 100% renewables and net zero

[Guest]

Price cap going up to £2,500.

[steviewevie]

9 minutes ago, phimill said:

If we can only cap on profits in our territoires, that means that the windfall tax sure can only be on the profits from the same territoires. Thus windfall would max be £8bn - could be a reason why it isn't being taken. Still that £8bn would improve the time to 100% renewables and net zero

yeah, £8bn is what labour said it would be...their freeze would be paid for by following:

• Backdating the windfall tax to January and accounting for higher oil and gas prices to raise £8bn
• Dropping the £400 energy rebate and other pledges made by Tory leadership candidates to raise £14bn
• By reducing inflation with lower energy bills, leading to a cut in government debt interest payments of £7bn

(from https://www.bbc.co.uk/news/business-62542541)

so, obviously if getting closer to 100bn then windfall tax is a smaller proportion, but it would be popular with public as looks fairer, which is why I don't understand why she just doesn't do it.

[steviewevie]

4 minutes ago, Ozanne said:

Price cap going up to £2,500.

for next two years.

[Kurosagi]

3 minutes ago, phimill said:

If we can only cap on profits in our territoires, that means that the windfall tax sure can only be on the profits from the same territoires. Thus windfall would max be £8bn - could be a reason why it isn't being taken. Still that £8bn would improve the time to 100% renewables and net zero

I think the figure that Truss is announcing today is more in the region of £100bn+ over the next couple of years.

However, just on a basic humanitarian level there should be a windfall tax on spectacular 'accidental' profits rather than it be funneled to a discrete bunch of rich shareholders.

The bigger issue that stevie has alluded to is that JRM is now fully opening the doors to energy firms to drill and frack across the country. Whilst we'll get some revenue from licensing now should be the time we go all Norway and nationalise the money grabbing (polluting, exploiting finite resources, lack of serious investment in renewables etc) bastards.

[Guest]

1 minute ago, steviewevie said:

for next two years.

It’s unbelievable, they still want us to pay even more.

They have let the cap go up further.

[steviewevie]

this is typical household bill, right? older, badly insulated properties could pay a lot more than 2.5k.

Edited September 8, 2022 by steviewevie

[steviewevie]

support for businesses etc for 6 months...

[steviewevie]

Redwood getting all jiggy for lower taxes and more drilling and fracking.

[Crazyfool01]

Just now, steviewevie said:

Redwood getting all jiggy for lower taxes and more drilling and fracking.

the giant redwood is going to get burned 

[Guest]

£40b fund for energy firms!? What!?

Edited September 8, 2022 by Ozanne

[Crazyfool01]

is it usual she only gives way to her own mps ? take that back .... 

Edited September 8, 2022 by Crazyfool01

[steviewevie]

7 minutes ago, Ozanne said:

£40b fund for wholesale energy firms!? What!?

bailout.

Just nationalise them.

[Guest]

Just now, steviewevie said:

bailout.

Just nationalise them.

Its fucking staggering. How much more money do these firms want!?

They are putting up prices, making us pay for it and giving them £40b. 

[steviewevie]

it's all going to cost shitloads.

[steviewevie]

3 minutes ago, steviewevie said:

it's all going to cost shitloads.

but she's not telling us.

[squirrelarmy]

2 minutes ago, steviewevie said:

but she's not telling us.

Probably because she will personally end up making millions from it.