Tag Archives: tank

Does think tank’s finding support Labour’s case for a national energy firm?

This speaks for itself:

A publicly owned electricity generation firm could save Britons nearly £21bn a year, according to new analysis that bolsters Labour’s case to launch a national energy company if the party gains power.

Thinktank Common Wealth has calculated that the cost of generating electricity to power homes and businesses could be reduced by £20.8bn or £252 per household a year under state ownership, according to a report seen by the Guardian.

The Labour leader, Keir Starmer, has committed to creating “a publicly owned national champion in clean energy” named Great British Energy.

It’s interesting that a state-owned company would save homes money; when electricity was privatised under Margaret Thatcher, we were told our bills would be lower.

So it seems the Thatcher government lied to us.

And that leads me to my second point: if privatisation has led to higher bills, then why not just nationalise the privatised energy firms?

Source: State-owned electricity generation firm ‘could save Britons nearly £21bn a year’ | Energy industry | The Guardian


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Economists are losing their minds over Truss and Kwarteng – and look who’s advising them!

Proved correct: this was an accurate prediction, as we can see from the revelation about who is advising Liz Truss – and the reactions of economists to what they have done together.

The Tory government led by Liz Truss is being advised by shady right-wing think tanks like the Institute for Economic Affairs, which seems to exist purely to eliminate so-called ‘big’ government and remove restrictions on business like workers’ rights and environmental protections.

Nobody knows everything about who funds the IEA. But one of its lunatics – I mean representatives – appeared on ITV’s Good Morning Britain to show us all how crazy his organisation is. Take a look:

Meanwhile, professional economists are going absolutely crazy about the disaster that Kwasi Kwarteng has triggered, on the advice of these far-right think tanks (apparently).

Have a listen to what they have to say:

There is a lesson to learn from this:

The Conservatives are NOT the party to trust with the UK economy.

Not now, and never again.

It’s no wonder that Truss and Kwarteng seem to have given up on trying to run the country and are instead abusing their position to funnel money to their richest friends – presumably in the hope that this will give them an escape route when the whole house of cards collapses.

Let’s hope some more Tory MPs grow a backbone and eject them before the damage becomes irreversible.

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Do you believe this ‘four-day working week to create half a million jobs’ bunkum?

Commuters: to many of them, the idea of a four-day working week may seem highly attractive – but not on these ‘castle in the air’ terms.

Someone’s trying to lead us up the garden path:

The public sector should switch to a four-day week to create 500,000 jobs and help ease a predicted spike in unemployment following the coronavirus outbreak, according to a report.

The Autonomy think tank said “the time has come” for a shorter working week as the end of the government’s furlough scheme in October is expected to cause an unemployment crisis.

Research by the thinktank suggests public sector workers could move to a 32-hour week without any loss in wages at a cost of up to £9bn a year.

This figure, according to Autonomy, represents 6 per cent of the public sector salary bill and costs the same amount as the furlough employment scheme brought in to save jobs during the peak of the pandemic.

Who says any government is going to give public sector workers a cut in their working hours while keeping their wages the same (that’s a massive real-terms raise) – especially a Tory government? They imposed a public sector pay freeze for years!

And the claim that it would cost up to £9 billion a year – the same as Rishi Sunak’s furlough scheme – is just more evidence that it wouldn’t work. Sunak is scrapping the furlough scheme on grounds that it is too expensive to continue indefinitely.

Not realistic.

Source: Four-day working week in public sector could create 500,000 jobs, says thinktank report | The Independent | Independent

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