Probably not the thread for this, but could the gov not create a publically owned energy company to compete with the current crop. All the current ones that go pop have their customers transferred to this new one automatically. Good rates (no shareholders to pay for), possibly even loss leading prices, no mental prices for prepaid meters etc.
(And I know thats a retorical question as their pals who run current energy companies won't be too keen).
She agreed to be interviewed because everyone must hear her AND the "voters" will hear how strong her ideas are.
"She" pulled out because someone with a bit of sense realised she'd be asked real questions and be expected to answer them and that would be very very silly.
could the gov not create a publically owned energy company to compete with the current crop
Like the SNP promised to do before dropping the whole idea?
It is better to keep your mouth closed and let people think you are a fool than to open it and remove all doubt.
Yep, makes no sense but that is a perfect summary of truss.
As sunak was interviewed on 10 Aug it's a reasonable assumption that her team agreed to the interview several weeks ago.
Since then the bad news has just kept on coming and her comments/commitments to date have been inadequate and thoroughly unconvincing.
Get interviewed with an unremitting focus on the economy/energy prices/financial support - and get shredded - or hide?
We have the answer.
Andrew Neil on R4 - truss declined to be interviewed by him recently - said all of his prepared questions for her were about the economy and her public statements would fail GCSE ecomomics; also observed that if she can't face interviews with journalists she's *unlikely* to do well in dealing with putin or xi.
could the gov not create a publically owned energy company to compete with the current crop.
Then this company would be buying its energy from the same market as the incumbent suppliers, so they'd either be selling energy at similar rates, or if selling at a loss so would scoop up every household immediately and all the others would quickly go bankrupt.
But yeah, not really for this thread.
Strong and stable, with a history of sound decision-making...
https://twitter.com/YorksBylines/status/1563915178177187841
There's also her decision when she was at Environment to loosen regs which allowed farmers to discharge animal shit and phosphates into watercourses.
That allowed the mutiple chicken farms adjoining the River Wye to pollute it to such an extent it's toxic with a dying fish population.
Yep, liz for leader; what could possibly go wrong?
Speaking to people who have their own small businesses they are in desperate need of help yesterday, far too many talking of closing this winter. Every type, from small corner shops, my local chip shop, the bakers, lots of customers at work, even the local book shop is in trouble as they have to keep the place warm to stop the stock getting damp. I've already spotted places with banks of lights not on, aircon not switched on and using fans instead.
I honestly believe there are going to be mass riots this winter.
Well keeping in a large group and moving about a bit will help keep everyone warm, I've seen Attenborough's Penguin films and if it works for them...
Probably not the thread for this, but could the gov not create a publically owned energy company to compete with the current crop. All the current ones that go pop have their customers transferred to this new one automatically. Good rates (no shareholders to pay for), possibly even loss leading prices, no mental prices for prepaid meters etc.
And all the losses due to these failures will be added onto our bills again - never wondered why your Standing Charges have increased lately?
Like the SNP promised to do before dropping the whole idea?
Until we're independent the UK Govt will not allow this, it's not devolved.
Speaking to people who have their own small businesses they are in desperate need of help yesterday, far too many talking of closing this winter.
They interviewed a representative from a pubs trade organisation on Radio 4 this morning. He was absolutely incredulous that they had all been flagging this up to the government for 6 months now, telling them in no uncertain terms what it means and they have still done absolutely nothing about it. Doesn't look like they intend to either. 'The Market' will sort it all out apparently
From this mornings Guardian...
Thousands of UK pubs ‘face closure’ without energy bills support
You can probably extrapolate this to cover every other sector of the economy too
What I can't get my head around is spending billions and billions to keep businesses afloat during the pandemic, only to then sit back and watch them all go bust
He was absolutely incredulous that they had all been flagging this up to the government for 6 months now, telling them in no uncertain terms what it means and they have still done absolutely nothing about it.
I know I'm repeating myself but I don't think the majority of the population understand how serious this problem is either. The UKs small businesses are going to fall like dominos over the winter and with it mass unemployment.
What I can’t get my head around is spending billions and billions to keep businesses afloat during the pandemic, only to then sit back and watch them all go bust
It's almost like someone wants to destroy small business.
Take one example, if you think there are too many Starbucks, Costa, McD's, KFC and Burger King, just wait until all the independents are bankrupt.
What I can’t get my head around is spending billions and billions to keep businesses afloat during the pandemic, only to then sit back and watch them all go bust
If you recall, for a long time, washing our hands was all we needed to do…
The u-turn will come.
It’s almost like someone wants to destroy small business.
Take one example, if you think there are too many Starbucks, Costa, McD’s, KFC and Burger King, just wait until all the independents are bankrupt.
We've mates who own two very successful bars. They firmly believe that this is what's in play at the moment. They're convinced that the government is going to sit back and watch the small independents go to the wall, while the big PubCo's will weather it, leaving them as the last men standing with no competition.`
They are expecting zero support from either Truss or Sunak over the winter
Are Truss & Harding mates? Only way power will be nationalised is I'd Dido needs a new job.
They’re convinced that the government is going to sit back and watch the small independents go to the wall, while the big PubCo’s will weather it, leaving them as the last men standing with no competition.`
I wonder if the domestic energy bills are the dead cat while they do it?
We’ve mates who own two very successful bars. They firmly believe that this is what’s in play at the moment. They’re convinced that the government is going to sit back and watch the small independents go to the wall, while the big PubCo’s will weather it, leaving them as the last men standing with no competition.`
They are expecting zero support from either Truss or Sunak over the winter
There's a lot less spending going about so they won't be immune from a downturn.
If you recall, for a long time, washing our hands was all we needed to do…
The u-turn will come.
Singing Happy Birthday was my favourite, to an air borne virus 🙂
We’ve mates who own two very successful bars. They firmly believe that this is what’s in play at the moment. They’re convinced that the government is going to sit back and watch the small independents go to the wall, while the big PubCo’s will weather it, leaving them as the last men standing with no competition.`
They are expecting zero support from either Truss or Sunak over the winter
The big boys offer more opportunities for MP's to sit on their boards in advisory position.
Your local independent doesn't off the same level of legally acceptable bribe.
I honestly believe there are going to be mass riots this winter.
I don't think it will take until winter. A cold spell and inaction from Liz the Saviour may be all it takes...
https://twitter.com/YouGov/status/1564566659486126081?s=20&t=fBoEXvhGzQQpEuV11VUMKw
People seem to like being shafted by the Tories. There should be no room for the Tories to gain ground currently under any circumstances.
People seem to like being shafted by the Tories.
It does indeed. I've pretty much given up on ever seeing much of a move towards a fair society, it seems that enough of us just don't want it that way.
Consequently, I now put more effort into looking after those close to me and, sadly, have to leave others to suffer the consequences of their decisions, or the decisions of their family/friends and neighbours.
f you think there are too many Starbucks, Costa, McD’s, KFC and Burger King
A lot of these are franchises so not necessarily big business. I honestly think anyone suggesting this is a conspiracy theory in favour of big business needs to reflect on Liz Truss. She hasn't a clue what's coming. She's in her own bubble of campaign world, her supporters are insulating her from reality as they know she can't handle it, hence the interview with the BBC getting pulled because she was 'too busy'.
It does indeed. I’ve pretty much given up on ever seeing much of a move towards a fair society, it seems that enough of us just don’t want it that way.
An "I'm alright Jack" party for an "I'm alright Jack" country.
A fair point.
With anything this lot do its probably best to assume that its sheer incompetence and laziness that's probably behind it.
It is genuinely quite staggering how woefully unprepared Truss appears to be about what's in the post. She really hasn't got a clue, has she? She's also going to do what Johnson did and surround herself with unthreatening cheerleaders, despite them being so lightweight and ill-equipped to deal with the magnitude of the task in hand.
I can see her producing her 'solutions' with some grand TA-DAAAAAAAA flourish, which will then be looked at and immediately dismissed as utterly inadequate or even counter-productive and her then having a massive sulk as she's not being hailed as a genius and everyones saviour. She seems just as narcissistic and thin-skinned as her predecessor in that respect.
It does indeed. I’ve pretty much given up on ever seeing much of a move towards a fair society, it seems that enough of us just don’t want it that way.
It's horrible isn't it? But the complexities of personal wealth and establishment way of doing things is just too much of a force.
Also people have been told for years Socialism works against their individual interest - untiil you have a collective problem like Covid, War or an energy crisis that is.
It is genuinely quite staggering how woefully unprepared Truss appears to be about what’s in the post. She really hasn’t got a clue, has she? She’s also going to do what Johnson did and surround herself with unthreatening cheerleaders, despite them being so lightweight and ill-equipped to deal with the magnitude of the task in hand
But that's hardly working against her currently is it?
No, but she's only got a very limited constituency to appeal to at the moment who probably aren't that arsed about societal doom.
Also people have been told for years Socialism works against their individual interest – untiil you have a collective problem like Covid, War or an energy crisis that is.
I'm going to the Enough is Enough rally tonight in Manchester. It seems like this is getting a bit of a head of steam building. Andy Burnham and Mick Lynch are both speaking so it should be pretty interesting.
It'll be good to see something harness the anger. I know a lot of people ignore the 'news' but this is going to be completely unavoidable. and have a massive impact on any household and we have a government that has no answers and little apparent interest in doing anything at all about it
But that’s hardly working against her currently is it?
A lot of people have simply turned off from it all. A lot more aren't really aware of the magnitude of what's coming - most experts seem to think this will be worse than the banking crash - but everyones going to be fully aware of it soon enough
It’ll be good to see something harness the anger.
Just remember binners that if you're going to throw a brick at the cops, don't be shy, get yourself right to the front to maximise chances of success and avoid hitting another protester in the back of the head. Make sure your face is covered too 😏
A lot of people have simply turned off from it all. A lot more aren’t really aware of the magnitude of what’s coming – most experts seem to think this will be worse than the banking crash – but everyones going to be fully aware of it soon enough
I don't know anyone who could turn off from less money in their pockets when it's directly related to the government.
It sure as hell will be potentially worse than the banking crash as governments wouldn't let the banking system fail would they? People however ...
I don’t know anyone who could turn off from less money in their pockets when it’s directly related to the government.
I reckon a lot are still in denial. Wait til the redundancies start and they or their friends and family start losing their jobs. The bigger problem is that even if they do see how much they are worse off, they don't think they or anyone can do anything about it. That's why Starmer and his establishment arselicking MPs are so culpable for this cluster****.
Andy Burnham and Mick Lynch are both speaking so it should be pretty interesting.
It’ll be good to see something harness the anger
I like the idea of these two being involved.
As things stand, Mick Lynch is the real, effective voice of opposition in the country. The media tactic of constantly questioning him about his EU stance is an obvious ploy to sow division between pro and anti Brexit factions in the anti Tory vote. They must really fear him.
Andy Burnham, from what I've seen, needs to convince me that he's not the Blairite I think he may be, but he's certainly an electable, media friendly figure and anyone that scares Starmer into thinking that there's a Labour alternative to him and makes him consider getting his arse off the fence, is OK with me.
I reckon a lot are still in denial.
I totally agree.
Too many people are caught in the get Brexit done/ Red wall/ anti woke culture war dynamic of the last 6 years and to be anti government now, means a lot of people admitting they were wrong / have been duped.
I reckon a lot are still in denial
None more so than the government.
This feels very much like January 2020 where the government failed to appreciate the seriousness of what was happening and missed multiple opportunities to do something to limit the damage until it was too late.
Again it feels like they’re just crossing their fingers and hoping for the best
They're not even crossing their fingers, for them to do that thye would have to care about what happens to us.
Again it feels like they’re just crossing their fingers and hoping for the best
Back in January 2020 nobody knew for certain what was going to happen.
This energy crisis has already happened. There are businesses closing their doors because they can't afford their energy bills.
The domestic energy crisis hasn't happened yet because it's August. However, it's absolutely clear that millions of people won't be able to heat their homes in the winter.
There is an economic Armageddon coming and they are still doing NOTHING.
2008 is nothing on this.
I'm sure we will have a lot more to talk about come next week.
I’m sure we will have a lot more to talk about come next week.
I'm betting 10% off VAT, Corporation tax slashed and reversal of the rise in NI. It'll do very little to prevent a recession and will fuel more inflation by allowing corporations to price gouge even more by not passing on the VAT cut. Then we'll see a run on sterling as no one will want to invest in a collapsing economy. If we thought things couldn't get worse...
I wish they would stop messing with NI.
I mean we have this threshold rate change which came in July and then the 1.25% rise. It's one of the most over complex taxes going. And then comes the Health and Social Care levy. What a mess.
"From April 2023, NI will revert to its old level but a new Health and Social Care Levy, at that same 1.25% rate, will be paid separate to national insurance contributions, becoming a tax in its own right."
What the hell? Tories reducing bureaucracy etc.
10% reduction on VAT? That's a big one. Dunno. Nothing's off the table.
’ll do very little to prevent a recession and will fuel more inflation by allowing corporations to price gouge even more by not passing on the VAT cut.
it will boost GDP % growth figures though - they love that.
Then we’ll see a run on sterling as no one will want to invest in a collapsing economy.
Looks like that's starting already
it will boost GDP % growth figures though
10% off VAT (or whatever it is) is going to do nothing against energy bills rising by 500%. All it will do is hand a bung to businesses with large cash reserves and encourage more price gouging. We'll have the double whammy of a massive recession and higher inflation in the short term, followed rapidly by deflation and a debt crisis due to collapsing govt revenues and a run on the pound.
10% off VAT (or whatever it is) is going to do nothing against energy bills rising by 500%. All it will do is hand a bung to businesses with large cash reserves and encourage more price gouging.
Despite what's being said I don't think a VAT cut is aimed at energy bills (It's not even the same VAT rate) It's aimed at getting people who have the money to spend to spend. Giving some reprieve on GDP. It's a middle class handout.
They're borrowing from Gordon Brown.
The run on the pound is interesting - but given economies such as the USA are doing similar things - it's all linked. Pound is at a 25 year low against the dollar. Lots of shorting against the pound going off. Betting on our economy tanking.
Then we’ll see a run on sterling as no one will want to invest in a collapsing economy.
Although that will result in foreign "investment" aka a firesale of all the remaining assets at rock bottom prices.
Despite what’s being said I don’t think a VAT cut is aimed at energy bills
I think in Truss's tiny mind that's exactly what it will be aimed at. She's on record as saying she prefers to let people and businesses keep their money through lower taxes rather than giving them it back in the form of handouts. What she probably doesn't realise is that even if she removed the entire tax burden from small businesses, it probably wouldn't be enough to stop them going under.
But yes, I agree it will cause a consumer spending surge, just at the time when businesses will struggle to meet the demand, the result being turbo-charged inflation combined with mass business failures. For people worrying about QE causing runaway inflation, they should instead be worrying about VAT cuts.
