, , ,

(not satire – it’s ConDemNation today)

The Lib Dems and Tories have just agreed to raise UK electricity prices for the next 35 years.

The Tories and the Lib Dems furiously attacked Ed Miliband when he pledged that Labour would freeze electricity prices for 2 years.

They argued that governments setting prices was akin to socialism.

Strange then that part of the deal to allow Chinese and French state-run companies to build the new nuclear power station at Hinkley means that energy prices will have to double in ten years.

That means the Tories and the Lib Dems have just guaranteed price rises of 10% a year for the next decade.

Not only that – but as part of the deal electricity prices are then guaranteed to rise by inflation for the next 35 years in order to give the French and the Chinese a good return on their investment.

That means the British consumer will be paying over the odds for our electricity over the next three and a half decades in order to subsidise French and Chinese consumers.

Now what did the Lib Dem Energy Secretary Ed Davey just call this deal?

Oh yes – good value for Britain.

Not for the people who will have to live in it for the next 35 years it’s not.


Please feel free to comment – you don’t need to register and I’m extremely minimal with the moderating.


If you click on any of these buttons below, you can share this article with other people. Thanks: