@Cheesecakeandwineinasuitcase
The Tory party is doing FA about this and it makes me so cross! £200 loans is NOT a solution to this problem. It’s a sticking plaster and makes me question their motivation.
Of course this will further drive up interest rates further in order to counteract all the massive price increases. I think a lot of families will struggle and ultimately lose their homes. I think there will be a recession as well. People just won’t afford to be able to live!
The Tory party are uncaring towards the situation and I don’t think they give a shit that this will ruin lives because if they did then they would be doing more about it.
They need to address the route cause of the problem. Has anyone heard any plans to increase gas storage? Or plans to limit rises like France has done? No. Because they don’t care! 😡 Rishi Sunak is a multi millionaire this won’t affect him or his family!
And you can bet that just like at the petrol pump, once the prices reach a certain amount they will NEVER go back down again.
Unless the public take action and literally take to the streets then nothing will be done and it will be the end modern life as we know it. I feel so sorry for children of this generation. What kind of future do they have? 😢
This isn’t just a Tory party issue though, it’s the result of an incoherent energy strategy since the ‘90s, and the political short term-ism driven by the green agenda.
In 1997 more than a quarter of our power came from nuclear sources, but now it’s nearer 15%. The government then, and since, have shied away from new nuclear power stations. The strategy in France for energy security was heavily focused on nuclear. More than 70% of their power is generate that way, so of course rises in oil / gas prices haven’t lead to massive increases there.
At the same time, North Sea oil and gas has declined in profitability and so output is reduced, and we’ve closed down gas storage. We’ve effectively banned fracking, even though there are plenty of reserves - the US at least has that to supplement supply. Mind you, the US uses more energy to air condition it’s homes than the entire continent of Africa (1 billion people) uses in its entire economy.
And, at the same time, the green agenda has added around 25% to all our bills in the U.K. to subsidise wind and solar.
What a mishmash of un-joined up actions, with no coherent strategy. The current government just has the misfortune to be holding the parcel when the music stopped. Every Government since 1997 is to blame for this mess.