Friday 5 August 2022

Cap In Hand No More

In what sense is there any energy cap, if it keeps going up? A cap on what, exactly?

This is in fact a guaranteed level of profitability on the part of the energy companies. Anything that requires the State to provide that, anything that cannot be permitted to fail in the marketplace, ought to be in public ownership.

And that in turn ought to be under a level of democratic political control that never obtained under the Attlee Settlement that merely created the Britain of the 1950s.


  1. Do you think Truss or Sunak might renationalise?

    1. Almost certainly not. But Labour, certainly not.