Labour Promises To Turn The Lights Out
Ed Milliban’s promise yesterday on energy prices is the sort of vote-grabbing bribe. that is typical of third-rate politicians. Judging by the response from the energy companies, If Red Ed gets power we’ll all be in for a hard time. It’s all here on the BBC. Even Britain’s worst Prime Minister of recent years; Gordon Brown, wouldn’t have issued such a cheap promise.
I think that this pledge could have serious effects.
Suppose you were in charge of planning at a large energy company. Would you be prepared to invest in an expensive new power station in the UK, until after the election of 2015?, I suspect that other countries with more certain energy policies and prices, would be a better place for the investment!
So the lights might go out, even if Labour doesn’t win the election!
I’ve just listened to the start of the phone-in on Radio 5.
They’ve started appealing for anyone in favour of Red Ed’s idea.
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