There is no reason not to build both a new generation of nuclear power stations, and a tidal lagoon in Cardiff Bay as the first of six such around the United Kingdom. On the contrary, there is every reason to build both. Together with the exploitation of the vast reserves of coal in this country and in this county, the extension of civil nuclear power is the backbone of an all-of-the-above energy policy that most certainly includes tidal power. This is why we have a State.
Public ownership is British ownership, and this country must free itself from every constraint of the European Single Market and Customs Union. Then it will be able to take full advantage of the fact that as a sovereign state with its own free floating, fiat currency, the United Kingdom has as much of that currency as it chooses to issue to itself, with readily available fiscal and monetary means of controlling inflation. Those means, like the structures of public ownership, must therefore be under democratic political control.
With a strict division between investment banking and retail banking, large amounts of central government credit, at low interest rates and over a long term, would build great national projects, notably enormous expansions in infrastructure. Those would then pay for themselves many times over, ably assisted by pro-business tariffs and subsidies, and by a pro-business National Bank to promote the growth of productive enterprises rather than speculation.
Hysterical claims against the safety of nuclear power have been made ever since the 1950s despite the fact that its safety in this country is immediately evident from a simple examination of its history over the last 70 years. Our dependence on oil and gas from many of the most unpleasant people in the world is also why we need to return to our vast reserves of coal, and why we are in fact doing so.
Even wind turbines, and the turbines that are used to extract tidal energy, are made of steel, and how do you think that steel is made? Britain was the world leader in clean coal technology until the Miners' Strike, and Britain must be that world leader again. In reopening pits, the Conservatives now concede that the miners were right. Too bad about the Labour Party. But there is a world elsewhere. And it is a world with plenty going on in it.
Public ownership is British ownership, and this country must free itself from every constraint of the European Single Market and Customs Union. Then it will be able to take full advantage of the fact that as a sovereign state with its own free floating, fiat currency, the United Kingdom has as much of that currency as it chooses to issue to itself, with readily available fiscal and monetary means of controlling inflation. Those means, like the structures of public ownership, must therefore be under democratic political control.
With a strict division between investment banking and retail banking, large amounts of central government credit, at low interest rates and over a long term, would build great national projects, notably enormous expansions in infrastructure. Those would then pay for themselves many times over, ably assisted by pro-business tariffs and subsidies, and by a pro-business National Bank to promote the growth of productive enterprises rather than speculation.
Hysterical claims against the safety of nuclear power have been made ever since the 1950s despite the fact that its safety in this country is immediately evident from a simple examination of its history over the last 70 years. Our dependence on oil and gas from many of the most unpleasant people in the world is also why we need to return to our vast reserves of coal, and why we are in fact doing so.
Even wind turbines, and the turbines that are used to extract tidal energy, are made of steel, and how do you think that steel is made? Britain was the world leader in clean coal technology until the Miners' Strike, and Britain must be that world leader again. In reopening pits, the Conservatives now concede that the miners were right. Too bad about the Labour Party. But there is a world elsewhere. And it is a world with plenty going on in it.
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