Energy Nationalisation In The Spotlight As UK Power Prices Soar

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More than 50% of British people — residents of the world’s fifth richest nation — will be facing fuel poverty by October, analysts say, and by January, two-thirds will be struggling to pay their bills.

Should that help take the shape of nationalisation? Some political heavyweights believe so.... [+]

with teachers and parents ahead of schoolchildren receiving their A level results on August 12, 2020 in Wakefield, England. The opposition leader also conducted an online video conference with council leaders across the country to discuss the coronavirus pandemic measures. Gordon Brown, the former prime minister, has called for Britain’s energy price cap to be cancelled while the government negotiates lower prices with power companies.

Victoria Hall on July 25, 2022 in Hanley, England. Former Chancellor Rishi Sunak and Current Foreign Secretary Liz Truss go head-to-head in the BBC Conservative Leadership debate in their bid to win the contest and become the UK's next Prime Minister. Critics of the public ownership push also argue that nationalisation misses the nuance of the crisis.

There’s a crucial difference between energy retailers, such as E.ON and EDF, who supply energy to homes and buildings, and energy producers, such as BP and Shell, who extract fuel, decide prices, and make big profits. That means, without parallel subsidies on power — like those suggested by Starmer — nationalising retailers of energy isn’t likely to achieve very much.

With this in mind, both candidates vying to be the UK’s next prime minister have rejected the idea of public ownership. Liz Truss, the frontrunner, stubbornly refuses to lay out her plan until the contest is over, though

 

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The problem with being a rich nation is that the most people are poor but some have so much money that everyone else look rich Tour, even they aren't

Fuel Poverty is just the tip of the iceberg.... add another 4%+ to existing mortgage rates and see what happens! ...and all THAT will be a walk in the park...when the 'flu' season hit us. Bring out Your dead!

Germany furher just said that sanctions are working, that they are good and they are here to stay

Gas is dropping not rising.

This is what happens when you get super snooty about being the fifth richest nation in the world.

But hey just remember that your government gave billions to Ukraine to launder for them instead of you.

Sanctions really hurting Putin though 🤣

More than 50% of British people HATE Celtic Fc 😂😂 facts!

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