It took a long time for voters to grasp the need for Britain to live within its means during the 1960s and 1970s. It may do so again.
The Prime Minister asked for a “grown-up” approach to energy. Here are the policies required to deliver it.
Even a strong case would struggle to overcome the imbalance between distributed gains and concentrated costs – but it might focus minds.
We should be increasing our export ambitions and the support that government gives companies in entering these global markets.
Effectively, for much of the population, UBI would merely take their money and then give it back to them. What’s the point?
If artists are so unwilling to accept the support of industrial companies, perhaps they should be prepared to live off box office receipts alone.
With average household energy bills around £1000 a year, it would be a cut of about £50 per year per family.
When we account for how much energy we use at home, British families are not facing ever-rising bills for gas and electricity.
Ofgem should introduce a new ‘low-carbon gas obligation’ in the next price control framework from April 2021. This would enable the UK to decarbonise its heating sectorat the lowest possible cost.
We have the technology. Being a world leader in carbon capture and storage attractive can make us a destination for inward investment in clean energy.
The gaps it potentially addresses and the interest shown abroad suggests it at least merits consideration here ias a complement to renewable power generation and electric vehicles.
Rather than price caps and nationalisations, there is a chance to help consumers with tax cuts and regulatory reform.
A ‘relative’ cap on the difference between standard variable tariffs and acquisition tariffs could untie Adam Smith’s ‘invisible hand’ in the retail energy market.
A compensation scheme will be welcome. But the Government might yet have to introduce other punitive measures.
The way British politics and planning mix tends to push infrastructure decisions into the long grass.