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soundofreason
soundofreason
1 year ago

Net Zero is driving up energy prices, admits Bank of England official.

Sarah Breeden, the Bank’s deputy governor, said households and businesses were paying more for energy because of so-called carbon permits, which require power plants to pay for each tonne of carbon dioxide they emit.

These permits accounted for nearly half the cost of fuel bought by gas-fired power plants last year, Ms Breeden said, which was passed on to consumers.

So when a gas-fired power station pays 50% more for the gas they need to generate electricity, who gets the extra money? The government, I assume? How is this accounted for in public finance? At a guess they deny it’s a tax (no, no it’s a ‘duty’, not a tax) but it must go into the Treasury as some sort of income. Or does it disappear into one of Reeves’ black holes?

EppingBlogger
1 year ago
Reply to  soundofreason

Strictly speaking inflation is not caused by price rises butthe other way around. Inflaton is caused by monetary conditions of too much money compared with the output. Rising energy prices would be associated with spending reductions and therefore lower prices on other things if the money supply was controlled properly.

Of course, rising prices of such an essential and large budget item as energy does make people poorer, but that I suspect is part of the plan. Certainly the elites don’t care that we are poorer.

Purpleone
1 year ago
Reply to  soundofreason

It’s a tax, pure and simple

Hardliner
1 year ago

Explanations please as to how senior members of the Labour Cabinet thought they could brass neck their way out of not voting on the Grooming Inquiry. Obviously they wanted an Inquiry stopped because it would shed too much light into who really supports Labour, and lends them their postal votes unquestioningly. But how did they think the optics of abstention would play? Or do they really just not care?

huxleypiggles
1 year ago
Reply to  Hardliner

The Labour front bench don’t care particularly about the victims, they are just the costs of propping up Labour governments both national and local. The other point is that they have ensured that they do not need to rely on the Nuremberg defence when we put these barstewards in court and facing life in prison. Their grunts (MPs) will of course expect to be able to use this defence on the grounds that they voted under a three line whip. Basically the grunts can do the porridge for Kneel and co.

Ain’t life grand?

Lockdown Sceptic
1 year ago

Thursday Morning Windsor Rd & London Road Ascot 


401
Monro
1 year ago

Britain should scrap Chagos Islands deal, former Navy chief says Say what you like about Lord West, he at least tried to stop the constant chopping of Britain’s conventional deterrent while still serving, the results of that chopping now plain for all to see: yet another war in Europe; the end of the European post war ‘Long Peace’. ‘In 1986, while working on the Naval Staff at the Ministry of Defence, West left documents detailing large cuts to the Navy on a canal towpath. These documents were recovered and then published by a journalist from The Mail on Sunday……He explained that they had fallen from his coat pocket whilst walking a friend’s dog.’ Of course they did! This is what is now going to happen to the U.S. Department of Defence under President Trump: ‘….confront the painful fact that the U.S. military has failed. That failure is demonstrated by two decades of losing wars in the Middle East…….top DoD leaders who preferred playing politics over winning wars and a defense procurement, production, and repair system, particularly for the Navy, that’s simply broken.’ ‘There’s plenty of talent inside the Pentagon, but there’s also a lot of dead wood. This is the… Read more »

Monro
1 year ago
Reply to  Monro

But the big savings are now outside the British Defence Ministry.

Approximately 69% of all civil servants work in the DWP, HMRC, the Ministry of Defence (MoD) and the Home Office (HO).

And the NHS?

The NHS in England is not one single organisation. It is made up of hundreds of different organisations of differing sizes, at central, national, regional, and local levels with different roles and responsibilities.

Our central projection, in a scenario that assumes relatively slow reductions in the time spent in hospital, is that around 314,000 more full-time equivalent NHS staff would be needed over and above existing vacancies in England in 2030/31 (relative to 2021/22), to deliver 2018/19 rates of care.

This compares to a projection of 488,000 more full-time equivalent staff being needed in 2030/31, drawn from our October 2021 projections that did not account for potential productivity improvements.’

The Health Foundation

So, just within the NHS in England, productivity improvements could reduce the workforce by 40% while keeping front line operational staff unchanged.

Does Mr Musk have a ‘Mini Me’?

transmissionofflame
1 year ago
Reply to  Monro

I’ve been thinking about the islands as I’m currently in Cape Verde. Places like these don’t make much sense as countries as they are going to struggle to be self sustaining and they only really make sense as strategic outposts that some rich country is willing to support and subsidise. The islands, like Cape Verde, were empty before the colonial era.

Heretic
Heretic
1 year ago

Very good points! I’d never thought of far-flung islands in that way before.

transmissionofflame
1 year ago
Reply to  Heretic

St Kilda, in the Outer Hebrides, was evacuated in 1930 as life had become unsustainable. Cape Verde is a lot bigger so there’s more critical mass but it’s pretty barren, not much grows, it rains very little and I don’t think they have much in the way of natural resources. They could try to make money from something other than tourism but it’s an uphill task with poor infrastructure, education and not much stable history behind them. I don’t know much about the Chagos Islands, perhaps they are more hospitable. I think a lot of the British Overseas Territories are reliant on visits from the Royal Navy and support from HMG – I think the Falklands, South Georgia, Tristan da Cunha, Pitcairn. It makes sense for us to support them as they are our people and potentially strategically useful places, ditto the Chagos. But giving them to Mauritius with bloody nine billion pounds is just nuts. Mauritius surely has issues of its own, it’s not West Germany FFS.

stewart
1 year ago

Question? Are people not fed up with the bullshit?

An enquiry?

Enquiries are a quintessential British way of sweeping the crimes of the establishment under the carpet.

The outcome is completely rigged from the outset. Nobody’s fault, lessons to be learned, those who acted did so in the correct way based on the knowledge and circumstances at the time blah blah blah.

It’s all so incredibly predictable and tiresome.

transmissionofflame
1 year ago
Reply to  stewart

I’m fed up. So is my wife. So I imagine are people who post here, and other similar forums I frequent. Some of that fed-upness I think manifested itself in the Brexit vote. Some of that in the vote for Trump. What we lack is a point of focus. The political leaders who represent us are largely still steeped in “moderation”.

huxleypiggles
1 year ago
Reply to  stewart

I agree. There is more than enough evidence available to put a couple of hundred of the principle perps in court and proper trials, with honest judges, not Kneel’s current bent mobsters would provide more detail and evidence than any taxpayer funded “enquiry.”

And save money.

Purpleone
1 year ago
Reply to  stewart

And expensive

Monro
1 year ago

https://www.bloomberg.com/news/articles/2025-01-08/russia-doesn-t-hold-all-the-cards-in-ukraine-austin-says?leadSource=uverify%20wall

Ukraine has effectively destroyed two-thirds of Russia’s military resources.” – U.S. Secretary of Defense Lloyd Austin in a press conference yesterday

“Russia will have to invest a lot of land forces to hold it,” he said.

By the 1980s, the Warsaw Treaty Organization was beset by problems related to the economic slowdown in all Eastern European countries.’

The USSR’s economy was in trouble due to the war in Afghanistan, outdated industries, and food shortages.’

Today’s state the bleeding obvious topical debate question:

Why is it like deja vu all over again today in Russia?

For a fist full of roubles
Reply to  Monro

More bleating by the perenially ill informed Bloomberg.

Cirdan
Cirdan
1 year ago
Reply to  Monro

What exactly does it mean to “effectively destroy”? What about the resources they ineffectively destroyed? Would it be historically correct to say, in 1943 Hitler ineffectively conquered Stalingrad? No, not really. So it’s a silly gap filling word used by liars.

Monro
1 year ago
Reply to  Cirdan

Mr Austin is, of course, trumpeting the success of the U.S. strategy that he set out in April 2022: to weaken Russia so that it could no longer invade its neighbours. That strategy has been a runaway success. Consequently, President Trump will be tempted to stick with it. So Mr Austin has a point, then. For example, the British Army’s policy is to recover immobilised tanks and repair them. Ukraine does the same. Russia does not. https://www.youtube.com/watch?v=J8wIKhujASE Russian military thought is still dominated by World War II outlook and this means strike for fifty kilometers and then allow the next fresh unit to past through . Modern weapons need fuel and repair capabilities far greater than has been demonstrated by the Russian Army so far in this conflict. Troops have been seen scrounging food because rations have not been brought up. Damaged vehicles have been stripped of ammunition and parts to keep other systems in the fight. Issue No. 10 of the Russian magazine Material and Technical Support has been made publicly accessible, featuring an article on the Russian army’s experience with tanks and other armoured vehicles in its ongoing full-scale war against Ukraine. The central takeaway from this publication… Read more »

CGW
CGW
1 year ago
Reply to  Monro

Mr Austin is, of course, trumpeting the success of the U.S. strategy that he set out in April 2022: to weaken Russia so that it could no longer invade its neighbours. That strategy has been a runaway success. One could firstly ask why the US should apply a strategy ‘to no longer invade neighbours’ to any other country than itself: there is truly no country in the world that is so happy to invade its neighbours, far and wide, than USA. USA’s Middle East invasions were, according to some, instigated by Netanyahu/Israel but USA has never hesitated to invade any country if it thought it would serve its goal of achieving or retaining global hegemony. Lloyd Austin has always outright lied on the state of the war in Ukraine and Russia’s leadership has ensured the country’s economy has not only survived but even profited, despite all the sanctions and rather pathetic attempted demonstrations of military superiority propagated by the West. I cannot remember the numbers quoted but Russia produces at least 100 brand new tanks per month, not to mention countless other military systems and masses of ammunition – something no country in the world can challenge, not even USA.… Read more »

Monro
1 year ago
Reply to  Monro

‘…..an increase in annual output from about 40 before February 2022 to a wartime output of 60–70 for 2023, with possibly even more to be produced over the course of 2024. Based on this pattern, the production rate from 2025 could be more than 90 annually. ‘In December 2023, then-defence minister Sergey Shoigu said 1,530 tanks had been delivered in that year. Shoigu’s figure has gained widespread attention, given the lack of other information. It is, however, open to misinterpretation. 1,180–1,280 of the total 2023 ‘production’ figure was drawn from tanks in store. Moreover, this figure does not account for tanks that could have been stored in garages and are not visible in satellite imagery. Russian tank-storage bases could have a garage capacity of about 1,600 MBTs, and it is difficult to know whether these storage spaces contain other types of vehicles or are simply empty. The difference between Shoigu’s figure and the assessment of the ‘production’ number drawn from in-store stocks is 350, but it is possible that the number of newly built tanks is lower than that if there were additional refurbishments based on tanks stored in garages. There are also other factors to bear in mind. Firstly, assuming… Read more »

Monro
1 year ago

https://www.telegraph.co.uk/business/2025/01/10/bond-blow-up-warning-britain-must-get-act-together/ ‘Speaking as someone who is in regular contact with investors from all parts of the world, I have seen first hand how perceptions of Britain have slid lower and lower with every policy mis-turn’ The FT puts it well: https://www.ft.com/content/710436f5-5a83-461a-89cb-da604ad83a8a ‘There’s a big difference between borrowing lots of money in a suit and borrowing lots of money in a clown outfit and brandishing a supersized water pistol.’ ‘..borrowing, in and of itself, is not necessarily a problem. More important to investors is how any borrowing is done, how it is presented and what it is for.’ This is not complicated: ‘…..political powers need to demonstrate the competence that keeps markets on side, and to eschew oversized shoes and multicoloured overalls in their wardrobes.’ ‘Increasing taxes to solve a problem caused by too high taxes would be illogical and self defeating. However, cutting spending plans may be politically too costly for a party struggling in the polls’ Those poll struggles seem likely to worsen, particularly, as the splendid Madeline Grant puts it, if, all the while, that party continues to plonk itself back on the Labour benches ‘with the look of a toddler delighted by the warmth of a full… Read more »

Cotfordtags
1 year ago

Watched the Patrick Christys show last night with the intensely annoying Barry Gardiner. Why does this sanctimonious xxxx think he is so much more intelligent than every other person on the planet and prove it by deliberately talking so slowly with over emphasis on certain words like a teacher in front of a remedial class at school.

klf
klf
1 year ago
Reply to  Cotfordtags

Agreed. His sanctimony and smugness, is insufferable.

mjkismgs
mjkismgs
1 year ago
Reply to  huxleypiggles

Could you please re-post and add the missing words. And check what you have written before posting it in future.

huxleypiggles
1 year ago
Reply to  mjkismgs

Could you please advise what further information you require? If you cannot understand my words you are on the wrong site.

Heretic
Heretic
1 year ago

The truth about the LA wildfires 

Please just have a look at the photos and drone footage of the devastation, in LA, Maui & Australia, and ask yourself why these houses were nowhere near any “forest”, why the steel in cars melted (at temperatures over 1000 degrees C) while trees were left standing right next to them with leaves still on, and grass still green, and plastic children’s toys untouched, like plastic in your microwave. And why all of these areas had been previously designated as future “Smart Cities” where people will be forced to live in skyscrapers.

In one of his best videos, Alex Jones discusses the real truth behind the wildfires in LA, Maui, and elsewhere, such as Australia. He calls it “Administrative Terrorism”:

THE LA FIRES ARE DELIBERATE: Learn How Administrative Warfare / Economic Terrorism Is Being Used By The Democratic Party & Leftist Institutions Worldwide To Covertly Destroy Cities As Part Of The Greatest Wealth Transfer In History

Heretic
Heretic
1 year ago
Reply to  Heretic

How can a “forest fire” burn only houses and cars, but leave the “forest” still standing?

comment image

ellie-em
1 year ago
Reply to  Heretic

Insurance companies cancelled policies months before this latest land grab exercise.

https://www.newsweek.com/california-insurer-canceled-policies-months-before-los-angeles-wildfires-2011521

Still, I suppose the area will look nice for the 2028 Olympics after the rebuilding contracts have been dished out 😏

soundofreason
soundofreason
1 year ago

SNP Government could boycott Twitter, FM warns

The picture at the top of this article: ‘SNP government practices Vulcan greeting: “Live long and prosper”‘.

Shame about Glasgow.