Labour’s ban on new North Sea oil and gas exploration has sparked fears of a £4.5 billion tax revenue shortfall, with Energy Secretary Claire Coutinho warning of massive job losses and energy insecurity. The Telegraphhas the details.
Claire Coutinho has accused Sir Keir Starmer of planning to take Britain “back to the dark ages” with his Net Zero plan to phase out domestic production.
Tory analysis has claimed that the ban would lead to lost tax takings of £4.5 billion over the next 10 years and £12.4 billion in total as North Sea production dwindles.
Ministers have warned that the plan would also threaten 200,000 highly paid jobs that are dependent on the sector, many of them based in Scotland.
Writing for the Telegraph, Ms. Coutinho branded the plans “a spectacular act of economic self-harm” that would leave the U.K. “colder and poorer”.
The Energy Secretary said the cash would have to be recouped by hiking other taxes while the policy led to “increased reliance on foreign imports, lost jobs and even blackouts”.
She wrote: “It would be a triumph of ideology over common sense. Exporting jobs for the sake of importing virtue signalling. The choice is clear.
“Labour’s proposals will destroy jobs, raise taxes and hike up your bills. In a truism of all Labour governments – once they have run out of money, they will come for yours.”
The party will today set out how it aims to wean Britain off fossil fuels by creating 650,000 new jobs – many in green technology – in former industrial heartlands. …
Sir Keir pressed ahead with the ban on new drilling despite facing fierce opposition from the unions, who warned it was “irresponsible”.
You’ll need to set up an account to comment if you don’t already have one. We ask for a minimum donation of £5 if you'd like to make a comment or post in our Forums.
To join in with the discussion please make a donation to The Daily Sceptic.
Profanity and abuse will be removed and may lead to a permanent ban.
14 Comments
Oldest
NewestMost Voted
Inline Feedbacks
View all comments
Hester
5 months ago
Couple of questions have any of these people in the reshuffle actually been elected..
Have any of them worked in anything or anywhere else not involved with government, pr,politics or lobbying?
Or are they just another bunch of club parasites
In much the same vein, is Ms Gray’s new job something that was already covered by existing staff or have they just created a new non-job to prevent the indignity of a constructive dismissal claim? (Spoiler alert I think we know the answer. The answer to most hurty-feelings in the public sector always seems to be an additional dollop of taxpayers’ money.)
Sounds like a non-job to keep her in the tent.
A word salad. Which regions and what nations?
Was there a recruitment process?
Did she pass EDI specifications?
I assume a peerage will also be involved.
I suspect no party wants to read her memoirs.
A chair shuffling exercise at great cost to the taxpayers. What a surprise.
“envoy for regions and nations?”
WTF are they on about? This is not the United States of America this is little old Blighty. More “devolution” on the way. More devolved “assemblies” comprising carefully chosen pigs more equal than the rest of us but at yet more cost to taxpayers. In other words more controls and greater impoverishment.
To join in with the discussion please make a donation to The Daily Sceptic.
Profanity and abuse will be removed and may lead to a permanent ban.
Couple of questions have any of these people in the reshuffle actually been elected..
Have any of them worked in anything or anywhere else not involved with government, pr,politics or lobbying?
Or are they just another bunch of club parasites
In much the same vein, is Ms Gray’s new job something that was already covered by existing staff or have they just created a new non-job to prevent the indignity of a constructive dismissal claim? (Spoiler alert I think we know the answer. The answer to most hurty-feelings in the public sector always seems to be an additional dollop of taxpayers’ money.)
Our elected Members of Parliament have their paymasters..
There is no Democracy…
Notice who’s received the most…. The Education Secretary….
Option C I think.
Sounds like a non-job to keep her in the tent.
A word salad. Which regions and what nations?
Was there a recruitment process?
Did she pass EDI specifications?
I assume a peerage will also be involved.
I suspect no party wants to read her memoirs.
She looks ” white ” to me…oh; dear.
A chair shuffling exercise at great cost to the taxpayers. What a surprise.
“envoy for regions and nations?”
WTF are they on about? This is not the United States of America this is little old Blighty. More “devolution” on the way. More devolved “assemblies” comprising carefully chosen pigs more equal than the rest of us but at yet more cost to taxpayers. In other words more controls and greater impoverishment.
Off-T
https://www.retailgazette.co.uk/blog/2024/03/majestic-wine-brexit/#:~:text=The%20overhaul%20means%20the%20amount,the%2012.5%25%20ABV%20duty%20rate.
More bloody interference intended to screw taxpayers.
Kneel and his bunch of thieving, treasonous parasites are determined to kill the hospitality sector.
Rats getting off Shagger Starmer’s sinking ship.
And what will the “regions and nations” think of it?
My bet is, is that she hasn’t been signed by L’Oréal
They say your inner self becomes etched on your face as you get older…
A nice lesson for Ms Gray that “what goes around, comes around.”
Keir-Ching! will get the same lesson in due course.