Manifesto For A New Prime Minister

By Paul Homewood

 

It is a fact that politicians very rarely make U-turns, once they have committed to a policy.

Boris Johnson made the huge error of enthusiastically embracing the Net Zero strategy, the poisoned chalice handed over to him by his useless predecessor, itself kicked down the road by her predecessors.

However, with a new leader coming soon, this is an ideal opportunity to reverse course, away from what Allister Heath has rightly described as a hard left eco agenda.

The public, of course, still seem to be in favour of Net Zero, but polls also show that they don’t want to pay the bill.

However, there is no need for a new PM to cancel Net Zero, something which would not get through Parliament anyway, given the loony green policies of Labour and Lib Dems.

Instead, all a new PM has to do is adopt the Manifesto which I published in January, and which I lay out again below:

MANIFESTO FOR 2022

Preamble

It is gradually dawning on the public just how ruinously expensive and suicidal the Net Zero project is going to be.

Sadly though Net Zero is embedded across all the main political parties, throughout the establishment and the media. There is therefore no realistic chance that it will be abandoned anytime soon.

However there are a number of things which could and should be done, that would effectively put the brakes on Net Zero and help to reduce some of the costs already being incurred by the public because of climate policy.

Fundamental Principles

All government actions regarding Net Zero should be consistent with two fundamental principles:

1) Policy should be affordable, both for the public and government finances.

2) Decarbonisation in future should not be at a faster rate than the rest of the world.

Policy Actions

The following actions are therefore proposed:

1) All Carbon Budget targets should be suspended.

2) The proposed ban on gas boilers should be postponed until alternatives are cost competitive

3) The proposed ban on petrol/diesel cars should also be postponed, until:

a) Alternatives are cost competitive

b) Solutions are found for the millions of drivers without off-street parking

c) A nationwide charging network is established, with sufficient capacity and at no cost to the public purse

d) The electricity grid and distribution network has been upgraded

4) Immediately abolish carbon pricing and the UK Emissions Trading System, which is already driving up power prices.

5) Implement an Intermittency Tax for wind and solar generators, so that they bear the cost of standby and grid balancing, instead of electricity consumers.

6) Implement a Windfall Tax on all recipients of Renewable Obligation Certificates, who currently benefit from high wholesale power prices in addition to ROCs, which currently cost consumers £6bn a year. The revenue to be used to offset ROC costs currently added to electricity bills.

7) End all constraint payments to wind farms

8) Put a stop to all new subsidies for renewable energy

9) Fully commit to a long tern future for North Sea oil and gas, necessary to encourage development. This must include a recognition of the need for substantial amounts of natural gas in the medium term.

10) End the ban on fracking, and lift all unnecessary restrictions which were previously in place.

11) Extend the life of existing coal power plants.

12) Fast track mini nuclear development.

13) Immediately approve the Cumbria coal mine

14) Guarantee that no new taxes will be raised, designed to “encourage” consumers away from high carbon consumption. In particular, no new tax on meat or gas.

15) Put an immediate stop on plans to force landlords to meet higher energy efficiency and low-carbon standards

16) Put an end to plans to ban mortgages for homes which don’t meet energy efficiency and low-carbon standards.

Financial Impact

Many of the above actions could be speedily introduced and would have an immediate impact on energy bills.

For instance:

  • Carbon pricing – £1.4bn
  • Intermittency tax – £2.0bn
  • Windfall Tax – £6.4bn
  • Constraint payments – £0.1bn

A total saving of £9.9 billion would reduce average household energy bills by £366 a year.

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July 8, 2022 at 01:03PM

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