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Our government has come up with a solution though - they'll cap consumer energy prices at the current below-market rate and subsidise businesses, and pay for th
by makomk 4y ago
Our government has come up with a solution though - they'll cap consumer energy prices at the current below-market rate and subsidise businesses, and pay for the cost of doing it by running up a debt repaid over the next decade or two. Basically, we can continue using energy as before and will pay for it later - yay!
The unfortunate thing is that it was basically politically untenable for them not to do this. In the run up to the announcement (basically a u-turn) there was a steady drumbeat of news headlines and articles telling us that they were driving everyone into poverty by not capping energy rates, that it was destroying businesses and no-one could afford it, that the rest of Europe was doing this and only our incompetent leaders were failing to do so because they wanted us to freeze, and so on.