Monday, March 3, 2008

WTF is happening to the UK??? – Windfall tax on companies who operate in a highly competitive industry and who actually don’t make that much money from domestic consumers.

UK mulling fuel poverty voucher

I can't help thinking this place is doomed and we're witnessing a full-scale return to a 70's style Labour administration. Just this quote from an idiot from Unite makes me want to pack my bags... 'Unless energy companies are prepared to take genuine action...the government must take tough action and levy a windfall tax' Dougie Rooney, Unite union. and... National Energy Action, which helps people on low incomes, said it was keen to see further details. "We would welcome proposals to extend financial help to vulnerable groups such as families with young children and people with disabilities, " communications director Maria Wardrobe said (Derek Chair and Franny Sideboard refused to comment!).

Posted by tyrellcorporation @ 09:17 PM (734 views)
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10 thoughts on “WTF is happening to the UK??? – Windfall tax on companies who operate in a highly competitive industry and who actually don’t make that much money from domestic consumers.

  • tyrellcorporation says:

    This may be off-topic but how much more meddling can the UK economy actually take before it implodes?

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  • They still won’t admit that the sharp rises in fuel prices are related to the weakness of Sterling, which itself is due to interest rates being too low.

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  • I think there are powers within the Labour party that are bit by bit supplying Brown with enough rope to hang himself.

    I’d put money on it now that Labour will retain Brown’s services until the last 9-12 months before the next general election. When it is clear they have no chance of winning they will do the best thing possible to increase their vote and that will be the sudden and clinical cull of Mr Brown and fresh and trusting face will appear. If it is a protracted affair it will reflect badly on Labour that is why it will be sudden and swift. It is utterly pointless to replace Brown now as Brown’s years of economic mismanagement will be the equivelent of lead boots around the new leaders ankles and will take the new guy down.

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  • The UK’s energy infrastructure is in an appalling state, clapped out coal fired power stations are rapidly being tarted up with Flue Gas Desulphurisation Units and Catalytic Converters in order to meet ridiculous E.U. legislation that lowers their thermal efficiency by 20%. Older Nuclear plants are being shut down and renewables are a shambolic tax payer funded NewLiebor joke.

    The only thing that has prevented blackouts is the collapse of heavy industry in the U.K. and it is only a matter of time before we see the sort of rolling blackouts that are occuring in South Africa.

    Once upon a time there was a coherent energy policy in the UK and a high quality forward looking organisation called the CEGB that ensured that large capital infrastructure was in place to meet future demand. If the above news item comes to fruition you will see less private sector investment rather than more, if anything energy prices in the UK need to rise to fund investment in new generating plant.

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  • How strange, a labour government increases the gap between rich and poor and then gives vouchers out to the poor.

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  • @enuii

    I remember when the CEGB closed Marchwood nr Southampton. In the 1970s the UK was the world leader in electricity research. We let that go. Too many short-term (3yr) economists. There is a promising development called MHD which the CEGB led a lot of research on. 70% – 90% thermal efficiencies from direct conversion of the kinetic energy of hot plasma ions into a potential difference. Back then, the hold up was materials, but I believe that ceramics are conductive enough to make this work now.

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  • Who are you kidding – highly competitive industry? Why do you think this sector was nationalised up to the 70’s? Because in the good old days when they were private they colluded together to force up prices at the same time as colluding to reduce supply – just as they do today.

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  • tyrellcorporation says:

    It seems incredulous that the 4th largest economy in the World is even considering Fuel Poverty Vouchers – Just the cost of administering such a scheme would make it redundant. And yet again Labour will be causing market distortions. Somebody will have to pay for low income subsidies and yet again it’ll be middle income earners who are already being bled dry.

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  • Boynamedsue says:

    It seems incredible that we have so much poverty in the 4th largest economy in the world. But we do.

    Market distortions! The neo-liberal model has failed, we are entering an era where the government will have to reluctantly pick up the pieces. If this recesion gets as bad as Roubiani predicts, this is the first of many actions that will eventually mutate into a new New Deal.

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  • Its an electoral bribe – that’s all.

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