Backseat Drivers Beware!!

Economics, London Life

The prospect of a former chancellor ripping into the present Tory government’s practices are the stuff of political nightmares, I should think, and yet this is what happened this week.  With David Cameron now departed just before the housing market totally crashes (which it will shortly) the only person left to be a constant headache to the present May-led government is George Osborne, former failed chancellor. What is pertinent is to look closely at Osborne’s record as chancellor and note that he never missed an opportunity to punish the poor, sick and disabled for being so and relished every such chance along with his close chum Dave.

There’s the bedroom tax announced the same day the Queen was given a whopping 30% pay rise, there’s the much fantasized “surplus budget” he aimed for, which everyone knew was a fantasy.

What is interesting are Osborne’s comments during the 2008 collapse where he said, “The more the government borrows the less attractive sterling becomes. He said: “We are in danger, if the government is not careful, of having a proper sterling collapse, a run on the pound.” And yet he himself pursued the same policies. In 2010 he aimed to cut the deficit so that it only amounted to fraction of govt spending by 2015-16 this went pear-shaped as national debt tripled as more private firms were forced to the wall because of his “austerity” policies which only ensured misery for millions of people who were subsequently made unemployed and then vilified for having to depend on the state for handouts in their time of need, conveniently forgetting those same people had already paid into the system through their taxes for such assistance from the state.

Osborne also introduced a cap on the amount of benefits a family could claim from £25,000 per year to £23,000 per year. This may not seem like a lot, but when you have a family of 2-4 mouths to feed, clothe, etc it doesn’t go very far. He also cut the rate of income tax for the rich from 50% to 45% simultaneously slapping VAT on Cornish pasties, beloved by ordinary people to pay for this.

At every turn Osborne could not help himself to keep the rich even richer while taxing the poor who could ill afford more taxes. Osborne also managed to lose the UK’s treasured AAA financial ratings. The fact that this chancer was in government is probably the only way he is avoiding criminal prosecution as, anyone else caught doing what he is doing would end up in court with a jail sentence at the end of it.

The point of this story is that he is still preaching the policies of austerity to the current government, I just hope the current chancellor, Philip Hammond manages to ignore this chancer and does what he thinks is right. Also, Osborne’s comments on the Hinkley C project which was cobbled together by Georgie-boy and his mate Dave. PM May was right to put the brakes on this project for a while and scrutinise it properly because it has to be remembered that we have just got rid of the two most dishonest, unscrupulous, morally bankrupt people ever to be elected to high office who have not just sold the family silver but the kitchen sink and scales that go with it.

Unfortunately Hinkely C has gone ahead and the cost to the consumer will be too high a price to pay at £92.50 per megawatt of electricity generated and will ensure that many people will resort to going back to the old fashioned ways of amusing themselves by candlelight such as reading a book, knitting, jigsaw puzzles.

The only way I can see Teresa May offsetting such a high cost is by investing in renewable energies which she can do quite easily and will ensure our electricity supplies far better than nuclear power can. The technology is there also to be able to harness solar power in batteries (Tesla) or generators which can store this energy and release it when needed so it then becomes more reliable. Personally, if I were in government I would do two things, flatten huge swathes of what I call “below standard housing”, the two-up, two-down Victorian terraces as well as just about any building built before 1889 across the UK which just become slums, are difficult to heat properly, are prone to damp and just not able to be adapted to modern day living. In doing this I could then implement a house building programme which would enable better, easier to heat and better built to accommodate modern living which would give families, couples and single people a better standard of living with the emphasis on orienting buildings so the largest part of the roof faces towards the sun and all properties must have solar panels (now you can even get roofing tiles with solar panels built in, which saves a lot of faffing around having roofing tiles and then solar panels on top). Any buildings that have a lot of glass in their structure (office buildings for instance) would need to be covered in solar generating film. These would all feed into the national grid for 50% of capacity which would have batteries that could store these charges for release later on. Many homes would also have these batteries so that they could also benefit from storing their own electricity power. In fact, I would go so far as to say that it is probably going to become incumbent upon many people to be as self sufficient as possible so far as generating their own electricity is concerned as the cost of power to heat, charge and enjoy the lifestyles we currently have is going to be that much more difficult after 2020 when this becomes operational. It must also be borne in mind that renewable energies such as wind and solar at present provides 27% of our energy needs with only a fraction of households having solar panels, whereas nuclear such as Hinkley only produces 7% of our energy needs. If the scenario I have outlined above were to be implemented we would easily have more than enough power to meet our needs and there would not be able question of national interests.

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