BREAKING: Boris Johnson has just introduced state intervention into the energy market to ensure fuel supplies, making him more left wing than Sir Keir Starmer
— RD Hale (@RD_HaIe) September 26, 2021
It’s true – Boris Johnson is either actively nationalising or preparing to nationalise energy firms, to stop them collapsing due to surging gas prices. Here‘s The Independent:
Business Secretary Kwasi Kwarteng is holding crisis talks with firms following a meeting with regulator Ofgem… Mr Kwarteng said “well-rehearsed plans” were in place to ensure consumers were not cut off.
And he indicated that he would be prepared to appoint a “special administrator” that would see the firms taken under the government’s wing – effectively nationalising them on a temporary basis.
Railway firms are getting the same treatment:
— Andrew Fisher (@FisherAndrew79) September 28, 2021
But at the Labour Party Conference, Keir Starmer’s shadow Chancellor, Rachel Reeves, insisted that “this is not the moment to be looking at nationalising companies”.
This is utterly bizarre.
This is not the moment to be looking at nationalisation as energy companies go bust and bill skyrocket.
It’s ‘ideological’ to say this. It’s precisely the moment. https://t.co/t25UDeQvgT
— Aaron Bastani (@AaronBastani) September 27, 2021
This is precisely the moment to consider nationalising companies!
Reeves made herself and her boss sound like idiots – which, of course, they are.
Their protestations – her yesterday (September 27), him on Sunday (September 26) – weren’t pragmatic, no matter how often they tried to shoehorn that word into their comments.
They were ideological – exactly what Reeves and Starmer were trying to deny.
But it’s a stupid ideology.
Starmer’s entire policy is: butter up the business bosses. He is convinced that if he sucks up to the fat cats, they’ll support him into government after the next election. He is wrong for a very obvious reason.
Business leaders really are pragmatic. They can see that Brexit has created serious issues for the energy firms, for fuel supply and in other areas due to knock-on effects, and they acknowledge that their firms would be better-off under government control for the duration of the problem.
In other words: by lurching leftwards towards privatisation, Boris Johnson has done the right thing.
And where does this leave Starmer (and Reeves)?
Absolutely nowhere. Not only are they out of touch with party members; they are out of touch with the entire United Kingdom.
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