The last Conservative prime minister to win a general election (and to win big, with the greatest number of popular votes ever recorded) has entered into the national debate on the energy market crisis by calling for a windfall tax on the big six firms.
Sir John ably describes the Conservatives are in favour of the private market (quite right!) but when it goes wrong real Conservatives will not stand-by and see people suffer as a result.
It’s a great pity David Cameron does not think the same, pithy saying in response to Sir John’s speech it was an “interesting contribution” but the government has no plans to impose a tax. Then again, Mr Cameron’s not really a Tory is he?
A combination of Labour-imposed green taxes (i.e. Ed Miliband’s Climate Change Act of 2008) and Corporatism which centres around greed and profiteering has led to British people paying £1,500* a year to heat and light their homes.
I said at the time of the banking crisis, Northern Rock should have been sent to the wall just as President George W. Bush did to Lehman Brothers. It would have been a deterrent punishment used widely in the justice system to keep the masses in check. Some, mainly rich businessmen and equally rich politicians, said it would have destroyed the world. No it wouldn’t have! The Government would have protected savers at the cost of shareholders or there would have been a revolution.
Another winning Tory, Margaret Thatcher, believed in Capitalism for the many not Corporatism for the few. Now is the time for today’s Government to show some leadership: We’ve had enough. Send a signal to the failed energy market and punish the big six by imposing a windfall tax on them in the Autumn Statement in December.
*nPower yesterday put up their dual-fuel prices by 10.4% taking an average bill to £1,500