Category: Public Ownership of Energy Companies in Britain

There is growing dissatisfaction with the cost of energy in Britain. Privatisations are a failed experiment leading which led to poor deals for consumers and confusing tariffs. Both competition and watchdogs have repeatedly failed to deliver the promises of better deals for consumers. The only way forward is to take the Energy Companies back into public ownership and there is growing support for this.

Waterways Pollution in Britain: Thatcher’s privatisations come to a shitty end

Last weeks admissions  of failure by the British  Water Companies are the perfect demonstration of the failure of Margaret  Thatcher’s privatisations. Water pollution  in the UK  reflects and reveals decades  of mismanagement by these water companies and exposes once and for all the failures of Britain’s privatisations  brought about by the Thatcher and Major governments.

Now the final cost of these privatisations  include polluted rivers and the coastline of the British  Isles. Years of lack of investment and mismanagement have surfaced to show us the extent of the problems of privatisation. These companies have been creaming off profits to shareholders and investing in other business interests  whilst neglecting their primary purpose. The stench of corruption and malpractice is as bad as the stench left by them in our polluted rivers and our beaches. Companies such as these have the obligation to look after the resources they are managing not to trash them. This obligation should be a prerequisite to the nature of there work. Hence by increasing pollution in our rivers and upon our beaches they have failed to execute their duties properly and should be removed as a liability as quickly as possible. It wouldn’t take long to do this and to prove this in a court of law and the British Government should be pressed to do so as a matter of obligation. However we have a Conservative Government in power that still supports these failed privations dating back to the Thatcher and Major Governments so any action on the matter seems remote.

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Twelve Interest Rate rises sanctioned by the Bank of England all having no effect on Inflation and the Cost of Living Crisis

Yesterday’s  announcement that the Bank of England is raising Interest Rates yet again to deal with Inflation  and the Cost of Living Crisis just goes to show how clueless  and incompetent Andrew Bailey  really  is. This is the twelfth interest rate rise to deal with this problem.

The previous eleven Interest rate rises had no effect and we continue to see prices of food and household items rising. All this proves is that the strategy  of making people worse off simply is not the right way to deal with this situation. It appears  that the lack of creativity and dogmatic response from Andrew  Bailey and his Bank of England simply isn’t  the solution  to this current set of circumstances.

Continue reading Twelve Interest Rate rises sanctioned by the Bank of England all having no effect on Inflation and the Cost of Living Crisis

How to tackle the ‘Cost of Living Crisis’

How to tackle the ‘Cost of Living Crisis’. Well the first obstacle is to remove the Tory Government because  they are not equipped, ethically  or ideologically, to deal effectively  with the ‘Cost of Living Crisis’. In fact many of their policies have contributed to this situation. The legacy  of Thatcherism is also a contributory factor. The current  situation  of having our Energy and other utilities  in the private sector is a major factor contributing to the high levels of Inflation that we are seeing. These Energy  Providers  have just got increasingly  greedy and any attempts  to moderate this by Tory  Government  Policies has been ineffectual.

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The Conservative Clown Show goes on and on

The Conservative  Clown Show goes on and on and just keeps giving. The Conservatives  have managed to turn both politics and economics into a standing joke. Forget ‘Live at the Apollo’ and just watch the news. Now we hear that their main Clown is to rejoin the Show. The bungling buffoon is coming back so the plot gets even more ridiculous. I have previously  highlighted the lack of talent in the Conservative  Party and this has been confirmed  by recent events. They just can’t  think of anyone except to be their leader except a failed Prime Minister. Poor Rishi Sunak who appears to the only one with an ounce of talent  and credibility. Sunak was the main man behind Boris Johnson and whilst Johnson was donning the hard hats and pretending to be a working class person it was Sunak who steered the ship economically. Sunak was the sensible one whilst Boris was the Clown performing for the media. Johnson has little grasp on economics and even less grasp on the  truth. Without Sunak Johnson was nothing but a buffoon. Johnson is incapable  of the serious  stuff. Johnson will not be capable of steering a course through the ‘Cost of Living Crisis’.

Johnson has not got things done: Brexit remains unfinished and ‘Levelling up’ was a lie to obtain power

Let’s  think about what Boris Johnson has not finished. Brexit remains undone and as a result Northern Ireland has no functioning  government because of questions  that remain unfinished regarding the Northern  Ireland  protocol and the questions  remaining about the transfer of goods without a hard border with the rest of Ireland. There had also been no evidence of ‘Levelling Up’. As I have said this was always  just a slogan and attempt to derail real Socialist values. It was an attempt to steal traditional  Labour Party votes and a blatant attempt  to mislead by lying to voters with empty promises.

Prime Minister Liz Truss’s mistakes have cost approximately £30bn for which she is sorry

Prime Minister Liz Truss’s mistakes have cost approximately  £30bn for which she is sorry: but is that good enough? Well no it’s frankly not. It is incompetence and when people are incompetent they must go. She looks beleaguered and bereft of any ideas. She has to go now.

Is saying sorry enough?

Liz Truss is incompetent and not up to the job. She is profoundly  sorry that her personal mistakes and misjudgements have cost the UK economy approximately £30bn and mortgage payers individually additional  hundreds of pounds extra each month. However she is not personally culpable  alone. She was elected by the Conservative  Party who believed in her fantasy economics and elected her to be their leader and consequently the country’s  Prime Minister.  So this also shows poor judgement  by the whole Conservative  Party  who are also responsible  for this fiasco. If this was really the best candidate that they could muster then they really are bereft of any kind of political  talent at all. If Truss has to go then so to do the Tories  need to go in the national interest.

Consiser this

If I had cost my employer £30bn do you really believe that I would still be in that job role? Of course not. Will sorry go far enough to cover a £30 bn loss to the economy and cover the increased personal costs to people’s mortgages? If so then sorry and forgiveness goes a long way indeed.  Trusenomics is dead. Liz Truss showed poor judgement and now lacks any credibility as Prime Minister. It’s  certainly  no longer in the national interest to have this failed and incompetent individual  as Prime Minister. She lacks credibility, authority and insight: she must go.

Re-nationalise the Energy Providers is the only option to deal with Inflation: the Tories are the only obstacle

It is evident  that the only solution  to deal with Inflation  is to re-nationalise the Energy Providers in the UK: the only obstacle  to be removed is the Tories. It is now in the national interest to re- nationalise these Energy Providers to deal with Inflation and to prevent the gross profiteering by these utilities which is against the national interests. Quite simply the current situation is intolerable and is the only factor  driving inflation higher  and higher. The Tories  have lost any control and regulation  of the utilities and Ofgen is defunct  and unfit for purpose. Continue reading Re-nationalise the Energy Providers is the only option to deal with Inflation: the Tories are the only obstacle

Energy Companies and Utilities are laughing at you all the way to the Bank

The energy companies and the utilities are laughing at you all the way to the bank. As you struggle to meet your fuel and energy  bills these companies continue to drive inflation higher and higher whilst maximising  their ever increasing  profits and paying huge dividends to their shareholders. It is immoral that they are making huge profits and not simply passing on costs to consumers. Instead they are adding huge profit margins  to their prices. In this way they are fixing prices and driving inflation  without regards. Their behaviour is immoral and wrong. They are exploiting consumers and laughing at them whilst the Tory government  does nothing at all.

To tackle inflation you must reel in the profiteering of the Energy and Utilities who are driving inflation upwards for their own ends

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The stench of BRITISH privatisation is becoming evident in the run up to COP26

The stench of British  privatisation is becoming evident in the run up to COP26. Government ministers  are running for cover and attempting to hide under stones after a Government motion was defeated which would have forced the private water companies to clean up their act. However what happened was actually very embarrassing for the government because the bill  was defeated which actually  looked liked a huge endorsement for the behaviour of the private water companies and a signal that it was OK to keep discharging untreated sewage in the rivers of Britain  and into the seas around the UK. This is a huge embarrassment to the government in the run up to COP26. Again it is a stench resulting  from the privatisations of the water companies  pioneered by previous Conservative governments.

It appears that ministers voted on the matter in the way that they did mainly  because of huge investments in the infrastructure that would be needed to update the antiquated system currently  in place. Cost in this case was prohibitive to improving and maintaining the environment  so the choice preferred was to continue to pollute and degrade the environment.

So why haven’t these private companies  been investing in making these improvements themselves and why are they still reliant on funding from the government  and the tax payers? What has gone wrong with privatisation? Surely  the idea of privatisation was to become independent of the tax payer and yet these companies  still manage to bother the tax payers to subsidise their profiteering  enterprises.

The Labour Party need to reinstate Clause IV

The Labour Party need to reinstate Clause IV of the Labour Party Constitution in order to bind members to a common purpose and understanding of what Socialism actually represents to the Labour Party. At the moment we have a situation of chaos where each member seems to have a different interpretation of socialism there seems to be a lack of common understanding. The very meaning and understanding of socialism is open to interpretation in today’s Labour Party. This is an ill advised system in my opinion. In the past members knew instinctively where the Labour Party’s values were and they knew what was meant when referring to socialism. After Blair this all changed and there is now mass confusion and this is reflected in the mass confusion regarding the overall direction of the Party. The idea that socialism is an system of economic principles and values has seemingly been rather too conveniently forgotten about, and when many members refer to socialism they are simply referring to notions of fairness relative to the other political parties. Simply being nice and fair and listening to the opinions of others is not socialism. It should not be forgotten that socialism is actually a set of economic principles designed to bring about a greater distribution of wealth in an economic system and is something that challenges the notions of Adam Smith’s ideas regarding Capitalism. Socialism counters the greed of a purely Capitalist System of Economics and it gives people a stake in society through the benefits of the State owning some part of the economic system in order to obtain capital for the investment for the good of all the country’s citizens. In particular the key industries it targets are those that are essential for the running of the country such as Energy Supply and Transport. These are the key industries which socialism targets to generate capital for re-investment in the country’s health provision (NHS), to reduce the burden of taxation on the individual and to support local essential services, police and council provisions etc.

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Competition is the way forward for the public ownership of Gas and Electricity in Britain

A sure fire way to get the utilities and railways back into public ownership and the less costly way of achieving this.

Yes I admire the ambition of the Labour Party Manifesto and it’s aim to get the Gas and Electricity utilities and railways back into public ownership. Success of this would lead to a more prosperous and fairer Britain and it would be the start of a new era for Britain. Yes it is high time to reverse the failed privatisations of Margaret Thatcher and John Major, and this would be a move which would put Britain on track again. However the scale and the cost of the task is dauntingly enormous and Thatcher knew how difficult it would be to ever go backwards. She tried to make her privatisations irreversible in an attempt to frustrate any attempts to ever develop socialism in Britain. She thought that she had had the final word but despite this there was a fundamental flaw in her plan and one which the Labour Party could exploit if it is savvy enough.

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