Reply To: Inept Government

[Bucksiron]

Actually, I didn’t say that anyone had insulted me, so at very least get your facts straight. I simply pointed out the complete lack of constructive argument and insults, which are there in black and white.

Siderite, net-zero is exactly why we’re in the economic position we are now; and it’s the same for pretty much all countries in the Western world. The cost of energy surged because the wind stopped blowing and the sun stopped shining, which wouldn’t have been a problem if governments had continued to support fossil-fuels. But, of course, those who “know best” — including many on here and mainly on the left — have been lobbying to stop the use of fossil-fuels, despite anyone who can do basic arithmetic telling them this would lead to big problems. Many of us have also been warning that Germany and others were heading for trouble if they continued to rely on gas supplied by a despot.

These are the plain and simple facts. Another plain and simple fact is that whatever the Government had done in the current circumstances was going to upset someone. These are very difficult times, which call for very difficult measures. The worst thing that Truss and Kwarteng could have done was “play it safe”, which might have been politically expedient but of little help to the country.

What we’re seeing is the markets completely over-reacting. The BoE is there to do what’s necessary to address this reaction. Truss and Kwarteng need to stand firm regardless of all the inevitable stuff being hurled at them. Of course they’re taking a risk, but doing too little or nothing would have been worse.