22 Nov 2016
A giant £100 billion black hole is predicted to dominate the coming year’s economic outlook for the taxpayer, judging by recent comments made by our new Chancellor, Philip Hammond. This eye-watering annual deficit represents a doubling of the national debt since the economic crisis of 2008.
Naturally, the government will continue its slash and burn tactics to supposedly lower the national debt by making more cuts to the valuable social services that distinguish us as human beings. The impending Autumn Statement is expected to announce the continued pursuit of policies (disguised as an economic strategy) that do not yield improvements to our collective quality of life, lead to economic recovery, strengthen our currency or even deliver the promise of balancing our national budget.
Failure to deliver on this last point in particular makes it abundantly clear from Mr Hammond’s Autumn Statement that the relentless pursuit of austerity is ideological, magically aspirational and zealously misguided. Even Conservative Ian Duncan Smith accused the Government of balancing the books on the backs of the most vulnerable in society.
The way out of this black hole is not by cutting social services. It is by investing in important infrastructural projects like renewable energy and public transport networks, and increasing lending to creative, responsible entrepreneurs. The old excuse that this government inherited the deficit from the previous one is tired, worn, and devoid of any responsibility or complicity. The massive deficit inherited in 2010 was £76.6 billion, but the Tories have managed to increase this deficit to over £100 billion while destroying the quality of life for many of our most vulnerable citizens.
The latest BBC Panorama programme about Care Homes showed the appalling conditions that residents were subjected to at centres managed by the Morleigh Group. The directors of this private care home operator lived in a large stately home, a stark contrast to the residents and attendants alike. In one example uncovered by the programme, care home attendants had to separate a bedpan from a neglected 90 year old patient’s buttocks because she had been sitting on it for so long, her buttocks had slipped into the pan. The poignant and burning questions are:
– Why do we neglect our elderly when they took care to raise us from small infants?
– Why has taking care of our elderly, become something to be outsourced? With the exception of hospice, surely our own families can look after each other?
Social services do not and should not deliver commercially attractive returns for taking care of our family members, providing medical assistance, public transport or other support services that may have once been provided by the community.
Clearly the government has money for the projects that they want to undertake. For example –
- Hinkley C Nuclear Power station, which will be funded to a great extent through the ‘Capacity Mechanism’, which basically means it will be financed by the taxpayer.
- The extraction of shale gas from our land, a process that is not proven safe, can turn our water into a toxic cocktail of hydrocarbon chemicals and is not expected to be economically attractive due to the poor quality of the extracted gas
- the expansion of Heathrow, where the government should be challenged on the robustness of their traffic projections into the next 20 years, considering the availability of fossil fuels for our transportation and energy services, the certain increase in the cost of flying and with proper value for money analysis undertaken to consider alternatives, like travel by train and other public services.
- the renewal of the Trident Nuclear Missile deterrant, at a cost of over £205 billion of tax payer money. The nature of a deterrent is that we must be attacked first. In this age of information technology, can this government demonstrate the value for money to the taxpayer of this enormous investment that only works after the damage has been done?
This is one more reason why the transition from fossil fuels is so important. As we take more services like the provision of energy away from fossil fuels by building more renewable energy generation, we have more gas and oil to run other industries, like transportation, where energy prices are certain to rise due to scarcity. Oil prices have already doubled since last February. Conventional sources of cheap oil have disappeared and the growing cost of generating energy under the government’s current energy strategy can be solved with current, proven technologies.
We believe that the government needs to apply austerity to its own practices; to eliminate departmental waste, to be accountable for responsible spending of taxpayers’ money, and to invest our money in projects that are well run. Our government seems to have sufficient funds for the military industrial complex and for short-sighted investments like Trident and Heathrow, so the money is there for a fully functioning welfare state should we choose to use it this to this end. Therefore we believe it is vanity projects like HS2 and Trident that must be sacrificed by Mr Hammond first, before cuts are made to our invaluable social welfare system.
09 Mar 2016
The Age of the Atom was to herald a new dawn in humanity’s quest for energy. Euphoric reports at the time declared that this revolutionary new energy source was so abundant it would be “too cheap to meter“. Our energy worries, we were assured, were over forever…
History of course, has shown none of this naive optimism to be true, and sadly will it prove the same for our current cabinet’s total reliance on nuclear power as the basis of energy policy.
Hinkley is expected to cost between £18-24 billion to construct, of which UK taxpayers are expected to subsidise a significant portion. To compound matters, a substantial share of the profits generated will leave the country due to the plant being owned by French and Chinese investors. Worse still, a future based on nuclear power will maintain the centralised energy system we have now, and let’s not even get started on the cost of clean up, transport security and waste disposal that future generations will thank us for…
Similarly, nuclear weapons are an expensive and dangerous consumer of taxpayer money, and BHESCo is steadfastly against the renewal of Britain’s Trident defence system. We were very proud to join Caroline Lucas, Jeremy Corbyn, and the thousands of protesters in Trafalgar Square to voice our opposition to this £100 billion so-called deterrent, and were profoundly moved to see that so many people shared our view of a nuke-free future.
BHESCo suggests that all money intended to be invested in new nuclear power stations or weapons be transferred to the production of clean, renewable energy. Imagine what we could build with £100 billion? This money could be invested in all manner of new and proven technologies as well as going towards an electricity grid that can handle the distributed energy system we need in order to create real energy security.
The Stone Age didn’t end because we ran out of stones. It is time to say goodbye to our atomic past, and move toward a brighter, cleaner, and fairer future. We say No to Nuclear Power because this makes the most sense for the future inhabitants of our planet. We say No to Nuclear Power because it does not make sense for our country.
17 Jul 2015