Energy

Today the TaxPayers' Alliance is releasing a new report which sets out the huge and excessive burden that green taxes impose on families and business across the UK. At the moment, 14 percent of domestic bill costs are the result of climate change policies.  Increasing the price of energy hits the poor and elderly hardest - which, in turn, increases poverty and benefit dependency.  At the same time, 21 percent of industrial electricity bills are the result of climate change policies.  If we want to make our economy less dependent on financial services, driving up a major part of many manufacturing firms' costs isn't the way to do it. Despite these costs, the current approach doesn't appear to be achieving the desired cuts in emissions.

It may have come ten years late, but Ed Miliband’s decision to bypass planning processes for nuclear plants is welcome. Britain faces unprecedented energy insecurity, with widespread power cuts predicted from 2017. Rather than trust Vladimir Putin not to turn the top-off whenever he’s feeling piqued, or to rely on the totally unreliable Colonel Gadaffi, or import energy, the government will increase nuclear output to 25 percent of national production. To achieve this, government will act with almost dictatorial reach to circumvent local communities and their right to determine the scale and scope of local construction. Expense has long been an argument against nuclear power and each of the ten proposed reactors will cost £5bn.