If growth really is the only game in town, then should we expect to see the rejection not just of Net Zero, but the idiotic Climate Change Act as well?
Because it is certainly no longer viable to keep talking about how a Green revolution will create jobs and boost growth, is it? We’ve just learned the hard way that it is not possible to make energy scarcer and more expensive without crushing the economy.
End of story: there is no way to have both growth and green energy unless we replace fossil fuels with nuclear power, and that’s impossible in the short term even if we started building nuclear power stations yesterday.
Is it not fantastic that thank to Thatcher and ‘privatisation’ our ‘nuclear industry’ was completely destroyed? Giving companies assurances that they would not have to pay for any ‘decommissioning costs’ allowing them to declare ‘profits’ while closing down all research facilities as they were ‘unnecessary’. Now we are comletely.fucked.
John, I feel like you maybe don’t get it. Energy scarcity has arrived in our world before we managed to decouple growth from energy consumption (if this was ever possible). Now we have a few separate issues to contend with which include securing scarce energy supplies in competition with other countries, implementing alternatives to plug the energy gap and boosting resilience in the face of this scarcity as well as the climate impacts themselves such as extreme weather (whatever you think may be causing the climate change, plus there is also obviously the need to avert climate change but that really riles people on here so we can just leave it out completely for the sake of argument.) Survival requires a multi pronged approach to this. You need growth to pay for the alternative energies and the resilience. You need the alternatives and the resilience to maintain growth. To achieve these aims you may not always be able to rely on short term market signals so you need some long term policy. Failing on any one of these prongs, we are basically screwed. Don’t try and pretend it’s simple.
Last edited 2 years ago by Ailsa Roddie
AC Harper
2 years ago
If Truss manages to infuse the Conservatives with some can-do energy it will be Starmer and his Labourers that continue to look tired and listless.
The death of HM The Queen, and the reaction of, not only the people of Britain, but the world, sends a giant neon lit message to politicians, that they despise the manipulation, dishonesty, self serving, and lack of duty, and dignity that is their pitiful hallmark.
It should also remind Truss and her government that pandering to woke is not just unnecessary, but for them to capture the vast majority of voters, open honest anti woke, anti national socialist meeja policies are what is really clamoured for.
Good article. I’d been waiting for some analysis of how the death of Queen Elizabeth might impact the first steps by Truss as PM, and this piece does a fine job of elucidating the issues and additional pressures she now faces.
I think the general public will be inclined to give her some breathing room because of this, with the mood of conciliation that grips people in the event of a major national hiatus.
The MSM needs to beware. Piling in on Truss could be counterproductive. As a left-leaning commentator, McTernan seems to capture this mood by providing a balanced view which also acts as a warning to the party he’s worked for. As with the MSM, Labour need to beware too.
They are gearing up for a new leader already, quite willing to throw a centrist man to the lions.
Aaron James
2 years ago
So her answer is spend.
If I were her I would be flying idled Texas fracking gear and crews in on RAF’s 8 C-17 Globe-masters, non stop, and get then fracking the sheep country all day every day.
The £ would rebound like a super-ball dropped off the roof of Parliament, the inflation would back off, the energy costs would be on track to lower themselves…
May as well, Biden has them shut down and is wrecking the us Economy that way – if USA turned them loose in Pennsylvania the USA economy would be surging ahead….
But no – like Liz, Biden is all about spending one’s way out of debt….
All very well, but that won’t solve the immediate problem. Unless the government spends vast amounts of borrowed money many people will be confronted with energy bills that they cannot pay without selling either the car or the children. Perhaps we will see the final implosion of the Tory Party. Don’t shed a tear – they are not conservatives anyway.
Precisely. For myself I just cannot understand why it seems impossible to have a true conservative government. What is so difficult?
Perhaps Ms Truss & Co should go on tour of the Working Men’s Clubs of Northern England and find out what true conservative values really are.
(Clue:- They will NOT be found in Quislington.)
(Health Warning: This may include a passion for blood sports and the like, in certain privileged areas!)
Quislington? Are you some fulminating daft old Colonel with tiles missing on the roof? Why, your beloved B(l)oJo lived in that very borough for a number of years, old man. Why would you want to cancel HIM and those tofu-eaters alike?
Without you proposing a viable alternative we could infer you think a Trotskyite, not quite followed by a group of woke anti British clowns is the answer. Interestingly the big EU countries are bribing their populaces more. To Remainer joy of course.
I see she has just given Zac Goldsmith the Order of the Boot. Guido Fawkes thinks this is a prelude to granting fracking licences next week. Good move if true.
Diana’s death did Blair no harm. The Queen’s likewise for Truss. The rather loutish ill timed republican outbursts will do Starmer no good. Even he can see that. Staving off a winter of discontent is Liz Truss’s key goal which Starmer also knows well, trying to stop his underlings throwing their toys out of the pram too soon. Braverman holds the next key. The wavering marginal voter is watching and typically backs the favourite.
Philip Clayton
2 years ago
Growth,growth, growth (Kier Starmer), growth, growth.growth (Liz Truss). Aside from Climate Change has nobody on this site noticed the destruction of every planetary environment (as there are several environments)? From the seas, to air pollution, to the destruction of mining across the planet, to extinction pollution of our rivers, seashores and soil, to extract not just coal, iron ore, oil, but rare earth minerals.
Of course most of Truss’s ‘growth’ will come not from any real ‘production’, i.e. making any three dimensional products, but financial and banking ‘engineering’, i.e. pushing bits of internet’ paper around. Allowing bankers to take as much as they can feasibly get away with.
How do these bankers make their money? Guess what? Investing in anything that is profitable and never mind any morality. It is clear that most people on this site would be cheering that approach.
I will bet that someone like Mr J Riordan who writes:
“We’ve just learned the hard way that it is not possible to make energy scarcer and more expensive without crushing the economy.”
thinks he has stumbled upon a ‘truth’ that nobody else has recognised.
Who made the energy scarcer? For deades after Thatcher smashed the miners in 1984 we spent hundreds of millions importing dirty coal from places like Poland, coal that came from open-cast mines. At the same time millions were spent in social security to keep miners alive because they had no work. Ironically miners had huge levels of home-ownership, much higher than most working-class people, because they bought their houses off the NCB. When the mines closed they couldn’t move because nobody would buy their homes because there was no work.
We are the only country with the benefits of huge North Sea Oil fields with no soveriegn wealth fund. Why?
First Thatcher decided to charge the companies a third of what Norway and the Shetlands demanded (“otherwise they won’t pay the investment to develop the fields”), another example of Tory corruption.
On top of that Thatcher ‘privatised’ nuclear power. This was done on the basis that the British State would pick up all the costs of clearing up the nuclear waste and decommisoning costs. If any other country had done this it would have been called what is was and is: Corruption.
Worse still, as soon as it passed into private hands the companies disbanded all the research facilities and engineeering departments as they were ‘expensive’. Consequently the UK went from being a world leader in Nuclear tech for energy generation to one that can no longer build anything and offers huge bribes to French and Chinese companies to build new nuclear power stations.
In the current situation we have no control over global energy prices. We do have control over standing charges which are iniquitous in the extreme and bear no relation to real costs or activity.
Renewable energy is not the complete answer, but the Tories have prevented any new onshore wind-farms or solar panel-farms since 2011. On top of that Osborne destroyed the budget for insulating houses. Today we have TWO MILLION fewer insulated dwellings.
If we do not start to build a circular economy where NOTHING IS WASTED, a la the Victorians, create a economy that returns to the 1960’s where things can get repaired, and we don’t change our mobile phones every 12/18 months when they could last 4-5 years we are screwed.
Russell David
2 years ago
Surely a lost 10 days, not 100 days?
Maureen Finucane
2 years ago
“Without Government interference” means cuts in Tory parlance.
Fewer mental health facilities and services for those who really need it in the case of a relative of mine. Cut to the bone since this lot have been in power.
One needs to separate the functions of government that add no value from the ones that are valuable public services. We could enumerate wasteful things such as policy wonks in the Education Dept that preside over the radicalisation of the schools curriculum, zealots hatching a net zero policy, pointless layers of management in the NHS, and a lack of industrial and energy strategy that lacks focus on our ability to manufacture goods and heat our homes. Cutting this waste is separate to things like the number of school places or hospital beds. The former is what reduces “government interference.”
James 0
2 years ago
Can’t read the article?
Anna Bramwell
2 years ago
Hugging a hoody, I believe.
James Wilmot
2 years ago
EVIL NEVER SLEEPS, WAKE UP!!!
Jim Thomson
2 years ago
This did not wear very well….
Tony Conrad
2 years ago
A cynical piece of writing I think assuming that one is going to use the death of the Queen to stamp their authority on the nation. Is it thought that humans will always use every situation for political gain. Cannot one be genuinally sorry that the Queen has passed rather than thinking there can be political gain here? If it is assumed that Liz Truss is going to use all that has happened for her political gain then she is not worthy of her position. I hope she is not made in that caste and have no reason yet to think that she is.
Mcternan like is old tory boss Blair speaks like a Thatcherite and indeed is one , to think these charlatans once hijacked the Labour party
James Kirk
2 years ago
The sugar tax clearly wasn’t working. The relative handful of money men making mad bonuses will be paying 40% tax, buying luxury goods i.e. employing people and, like lottery winners, will retire young. A 10% tax on lottery winners wouldn’t hurt but I doubt it’ll buy many weapons for Ukraine or repair the roads.
Main Edition
US
FR
If growth really is the only game in town, then should we expect to see the rejection not just of Net Zero, but the idiotic Climate Change Act as well?
Because it is certainly no longer viable to keep talking about how a Green revolution will create jobs and boost growth, is it? We’ve just learned the hard way that it is not possible to make energy scarcer and more expensive without crushing the economy.
End of story: there is no way to have both growth and green energy unless we replace fossil fuels with nuclear power, and that’s impossible in the short term even if we started building nuclear power stations yesterday.
hear hear
Correct, in fact we should now be on Sizewell Z, as advocated by the late James Lovelock, CH, CBE, FRS.
Interesting… I always thought that the Sitwells generated a lot of hot air, but never thought about them as a possible source of energy
Well spotted, thank you!
Is it not fantastic that thank to Thatcher and ‘privatisation’ our ‘nuclear industry’ was completely destroyed? Giving companies assurances that they would not have to pay for any ‘decommissioning costs’ allowing them to declare ‘profits’ while closing down all research facilities as they were ‘unnecessary’. Now we are comletely.fucked.
Yes a very sad epitaph for an Oxford scientist that I have never been able to understand.
However since her ‘apotheosis’ this is hardly mentioned.
John, I feel like you maybe don’t get it. Energy scarcity has arrived in our world before we managed to decouple growth from energy consumption (if this was ever possible). Now we have a few separate issues to contend with which include securing scarce energy supplies in competition with other countries, implementing alternatives to plug the energy gap and boosting resilience in the face of this scarcity as well as the climate impacts themselves such as extreme weather (whatever you think may be causing the climate change, plus there is also obviously the need to avert climate change but that really riles people on here so we can just leave it out completely for the sake of argument.) Survival requires a multi pronged approach to this. You need growth to pay for the alternative energies and the resilience. You need the alternatives and the resilience to maintain growth. To achieve these aims you may not always be able to rely on short term market signals so you need some long term policy. Failing on any one of these prongs, we are basically screwed. Don’t try and pretend it’s simple.
If Truss manages to infuse the Conservatives with some can-do energy it will be Starmer and his Labourers that continue to look tired and listless.
Hi AC, how’s that ‘can-do energy’ workin’ for ya?
The death of HM The Queen, and the reaction of, not only the people of Britain, but the world, sends a giant neon lit message to politicians, that they despise the manipulation, dishonesty, self serving, and lack of duty, and dignity that is their pitiful hallmark.
It should also remind Truss and her government that pandering to woke is not just unnecessary, but for them to capture the vast majority of voters, open honest anti woke, anti national socialist meeja policies are what is really clamoured for.
“Anti-woke” is just an insipid euphemism for “pro-racist.”
define racist… go on… I dare you?
Good article. I’d been waiting for some analysis of how the death of Queen Elizabeth might impact the first steps by Truss as PM, and this piece does a fine job of elucidating the issues and additional pressures she now faces.
I think the general public will be inclined to give her some breathing room because of this, with the mood of conciliation that grips people in the event of a major national hiatus.
The MSM needs to beware. Piling in on Truss could be counterproductive. As a left-leaning commentator, McTernan seems to capture this mood by providing a balanced view which also acts as a warning to the party he’s worked for. As with the MSM, Labour need to beware too.
They are gearing up for a new leader already, quite willing to throw a centrist man to the lions.
So her answer is spend.
If I were her I would be flying idled Texas fracking gear and crews in on RAF’s 8 C-17 Globe-masters, non stop, and get then fracking the sheep country all day every day.
The £ would rebound like a super-ball dropped off the roof of Parliament, the inflation would back off, the energy costs would be on track to lower themselves…
May as well, Biden has them shut down and is wrecking the us Economy that way – if USA turned them loose in Pennsylvania the USA economy would be surging ahead….
But no – like Liz, Biden is all about spending one’s way out of debt….
All very well, but that won’t solve the immediate problem. Unless the government spends vast amounts of borrowed money many people will be confronted with energy bills that they cannot pay without selling either the car or the children. Perhaps we will see the final implosion of the Tory Party. Don’t shed a tear – they are not conservatives anyway.
Precisely. For myself I just cannot understand why it seems impossible to have a true conservative government. What is so difficult?
Perhaps Ms Truss & Co should go on tour of the Working Men’s Clubs of Northern England and find out what true conservative values really are.
(Clue:- They will NOT be found in Quislington.)
(Health Warning: This may include a passion for blood sports and the like, in certain privileged areas!)
Spot on!
Quislington? Are you some fulminating daft old Colonel with tiles missing on the roof? Why, your beloved B(l)oJo lived in that very borough for a number of years, old man. Why would you want to cancel HIM and those tofu-eaters alike?
Without you proposing a viable alternative we could infer you think a Trotskyite, not quite followed by a group of woke anti British clowns is the answer. Interestingly the big EU countries are bribing their populaces more. To Remainer joy of course.
Translate please.
How are things in Toryland? I just awoke from a coma after 6 months and you’re the first person I’ve asked!
Can you sell your children? If only I’d known when they were small enough for me to overpower them.
I see she has just given Zac Goldsmith the Order of the Boot. Guido Fawkes thinks this is a prelude to granting fracking licences next week. Good move if true.
Oh Matt. Sweetie, it’s ALL crumbled away to dust.
Diana’s death did Blair no harm. The Queen’s likewise for Truss. The rather loutish ill timed republican outbursts will do Starmer no good. Even he can see that. Staving off a winter of discontent is Liz Truss’s key goal which Starmer also knows well, trying to stop his underlings throwing their toys out of the pram too soon. Braverman holds the next key. The wavering marginal voter is watching and typically backs the favourite.
Growth,growth, growth (Kier Starmer), growth, growth.growth (Liz Truss). Aside from Climate Change has nobody on this site noticed the destruction of every planetary environment (as there are several environments)? From the seas, to air pollution, to the destruction of mining across the planet, to extinction pollution of our rivers, seashores and soil, to extract not just coal, iron ore, oil, but rare earth minerals.
Of course most of Truss’s ‘growth’ will come not from any real ‘production’, i.e. making any three dimensional products, but financial and banking ‘engineering’, i.e. pushing bits of internet’ paper around. Allowing bankers to take as much as they can feasibly get away with.
How do these bankers make their money? Guess what? Investing in anything that is profitable and never mind any morality. It is clear that most people on this site would be cheering that approach.
I will bet that someone like Mr J Riordan who writes:
“We’ve just learned the hard way that it is not possible to make energy scarcer and more expensive without crushing the economy.”
thinks he has stumbled upon a ‘truth’ that nobody else has recognised.
Who made the energy scarcer? For deades after Thatcher smashed the miners in 1984 we spent hundreds of millions importing dirty coal from places like Poland, coal that came from open-cast mines. At the same time millions were spent in social security to keep miners alive because they had no work. Ironically miners had huge levels of home-ownership, much higher than most working-class people, because they bought their houses off the NCB. When the mines closed they couldn’t move because nobody would buy their homes because there was no work.
We are the only country with the benefits of huge North Sea Oil fields with no soveriegn wealth fund. Why?
First Thatcher decided to charge the companies a third of what Norway and the Shetlands demanded (“otherwise they won’t pay the investment to develop the fields”), another example of Tory corruption.
On top of that Thatcher ‘privatised’ nuclear power. This was done on the basis that the British State would pick up all the costs of clearing up the nuclear waste and decommisoning costs. If any other country had done this it would have been called what is was and is: Corruption.
Worse still, as soon as it passed into private hands the companies disbanded all the research facilities and engineeering departments as they were ‘expensive’. Consequently the UK went from being a world leader in Nuclear tech for energy generation to one that can no longer build anything and offers huge bribes to French and Chinese companies to build new nuclear power stations.
In the current situation we have no control over global energy prices. We do have control over standing charges which are iniquitous in the extreme and bear no relation to real costs or activity.
Renewable energy is not the complete answer, but the Tories have prevented any new onshore wind-farms or solar panel-farms since 2011. On top of that Osborne destroyed the budget for insulating houses. Today we have TWO MILLION fewer insulated dwellings.
If we do not start to build a circular economy where NOTHING IS WASTED, a la the Victorians, create a economy that returns to the 1960’s where things can get repaired, and we don’t change our mobile phones every 12/18 months when they could last 4-5 years we are screwed.
Surely a lost 10 days, not 100 days?
“Without Government interference” means cuts in Tory parlance.
Good
Cut the Tories…out of public life. They’ve stunk up our great nation for quite long enough.
Cuts = less money for equity, diversity and inclusion/HR women
Fewer mental health facilities and services for those who really need it in the case of a relative of mine. Cut to the bone since this lot have been in power.
You must have had a cut to your oxygen to the brain to come out with that garbage.
One needs to separate the functions of government that add no value from the ones that are valuable public services. We could enumerate wasteful things such as policy wonks in the Education Dept that preside over the radicalisation of the schools curriculum, zealots hatching a net zero policy, pointless layers of management in the NHS, and a lack of industrial and energy strategy that lacks focus on our ability to manufacture goods and heat our homes. Cutting this waste is separate to things like the number of school places or hospital beds. The former is what reduces “government interference.”
Can’t read the article?
Hugging a hoody, I believe.
EVIL NEVER SLEEPS, WAKE UP!!!
This did not wear very well….
A cynical piece of writing I think assuming that one is going to use the death of the Queen to stamp their authority on the nation. Is it thought that humans will always use every situation for political gain. Cannot one be genuinally sorry that the Queen has passed rather than thinking there can be political gain here? If it is assumed that Liz Truss is going to use all that has happened for her political gain then she is not worthy of her position. I hope she is not made in that caste and have no reason yet to think that she is.
Mcternan like is old tory boss Blair speaks like a Thatcherite and indeed is one , to think these charlatans once hijacked the Labour party
The sugar tax clearly wasn’t working. The relative handful of money men making mad bonuses will be paying 40% tax, buying luxury goods i.e. employing people and, like lottery winners, will retire young. A 10% tax on lottery winners wouldn’t hurt but I doubt it’ll buy many weapons for Ukraine or repair the roads.