Comments by "Greg Greg" (@SlowhandGreg) on "How GB Energy could be Labour's defining policy in government | Pubcast #8 clip" video.

One party is going to invest in renewables which grows the economy the other is investing in fossil which will help shrink it The point estimates of the multipliers are 1.1-1.5 for renewable energy investment and 0.5-0.6 for fossil fuel energy investment, depending on horizon and specification An economic multiplier of > 1 produces more tax revenue than was spent via increased economic activity an economic multiplier < 1 produces less tax revenue than was spent via decreased economic activity Labour have the same figures I have the reason the Conservative party doesn't do this is ideological there wedded to supply side trickle down aka Thatcherism
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You can stop additional drilling by removing all the tax breaks that are given to them Break even for North sea is 60$ a barrel Saudi's break even is 30$
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Renewables onshores jobs they also decentralise the jobs due to the way Renewables need to have additional local production
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Too expensive and who wants to buy out Tory debt and old Coal stations
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Labour are going to invest in renewables which grows the economy the Conservatives are investing in fossil through tax giveaways which will help shrink it The point estimates of the multipliers are 1.1-1.5 for renewable energy investment and 0.5-0.6 for fossil fuel energy investment, depending on horizon and specification An economic multiplier of > 1 produces more tax revenue than was spent via increased economic activity an economic multiplier < 1 produces less tax revenue than was spent via decreased economic activity The figures I've quoted are widely available and the spending won't increase inflation the root cause of that is increased mony supply 700 billion through Covid 130 billion through Truss. Squeezing lower and middle incomes to pay for it wont work either the money needs removing from the system from where it has trickled up too, increased boe rates make it tricle up faster to the asset class they don't remove it.
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The point estimates of the multipliers are 1.1-1.5 for renewable energy investment and 0.5-0.6 for fossil fuel energy investment, depending on horizon and specification An economic multiplier of > 1 produces more tax revenue than was spent via increased economic activity an economic multiplier < 1 produces less tax revenue than was spent via decreased economic activity The Conservatives are constrained by ideology
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@keithparker1346 Its not as easy as flicking a switch and your covering the debt as well your looking at 100 billion and you'll be buying old stock that needs decommissioning. And its timing if Labour had been in power when all the retailers where going bust they could have hoovered up all the customers and started their own energy retailer. Run it as not for profit or low margins. Undoing 50 years of bad policy takes time unfortunately Blair left well alone
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@keithparker1346 no its not when the Government control an asset you need it bomb proof that it's impossible to sell off Labour spends 100 billion buying the energy network the Tories flog it off for 50 blame labour for wasting 50 billion and line the pockets of their donors
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@madrab73 The other party is pissing away money on fossil subsidies bankers tax breaks millionaire pensioner tax breaks etc There was 91 billion in trickle down policies in the last budget that's 91 billion pissed up a wall as far as I'm concerned
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