UK Politics Thread (Part 1)

No, because as my post last night highlighted, even where the party offer policies that were also offered by the previous leadership it appears that it is being treated differently by those who supported it first time round (the example being the minimum wage).

I also think the talk of a “purge” is somewhat overdone and in most cases will be a narrative by certain elements acting in bad faith. Again, as an example, I’m sure many of those believing they are victims of a purge are also supportive of deselecting MPs.

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Glad you agree.

:+1:

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Not convinced. He is removing people who have spent their whole lives campaigning for a fairer society. Why would he not have tried to bring on board the huge movement that Corbyn had started.

A lot of people criticise the cult/hero worship of Corbyn…but there’s nothing really remarkable or charismatic about the man himself. He seemed a reluctant leader. I think what got people excited, especially young people, was the opportunity for radical change. That’s still needed more than ever, and Starmer’s not going to provide it

You mean that movement that has been attacking him since he won the leadership race? That has continued to defy his leadership even to the point of trying to help Galloway get elected in a seat, Labour were trying to win ?

The same movement that tried to block the changes coming in following the EHRC report on anti-semitism, that supported a meeting at the Labour conference hosting people thrown out of the party for anti-semitism?

https://twitter.com/theousherwood/status/1442175566787059712?s=20

The same movement that saw a shadow minister resign this week “on principle” because Starmer was backing a £10 minimum wage not an immediate £15 one, despite the £10 figure being the same as what both Corbyn and McDonnell called for previously?

I am sure that there are plenty of people on the ‘left’ of the party with valid gripes about the choices made by Starmer and others in the centre left, but please don’t fall into the “purge” narrative. Most of those high profile ‘removals’ have been deliberate attempts by one faction to destabilise the leadership led by another.

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They should just be done with it and form their own party. Then join electoral alliances/pacts as and when it is in each other’s mutual interests to do so.

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Just read a presentation deck for ‘recapitalizing’ a UK energy supplier. Genuinely forwarded to me for the humour of it. With no ability to control wholesale costs but a retail price cap, most of those companies are completely worthless. First cold snap will see one of the big players in trouble, there have to be several on the wrong side of their banking covenants.

It is sort of amazing that the petrol at the pump situation seems to be attracting more attention.

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We cant cope with 2 crises in any one day.

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It’s a sad indictment of society at large that I didn’t even consider this hyperbole at first glance…

There was some attention with the collapse of some smaller suppliers a week or two ago, but then the petrol situation appeared. Most people won’t be aware or have thought through how it works and will have let it slip from their minds, whereas the pump issue is much more visible.

Presumably, the government will have to step in with loans or guarantees. I think the big hope is probably getting through to April when the price cap can be increased again…or cheaper sources of energy can be brought into Europe to reduce price pressure.

Three more failed today.

It is amazing that 20 years after California, the UK would put the entire retail energy distribution business into play for vulture capital. If you are a vulture investor, why jump in now while there is still any equity left? Better to come in afterwards when the government is desperate, the original shareholders are cleared out, and you can apply a haircut to the debt.

Given the underlying problem is wholesale natural gas prices, it is going to get a lot worse when the weather starts to get colder.

Hadn’t seen that. That’s 9 down now since the start of this month!

I better start stocking up on jumpers and thermals before the panic buying begins or their supply chains collapse :rofl:

We were on one of those that failed, just wondering if I should even bother looking for a new supplier or if it’s going to collapse on me too.

100%. Isn’t it great that our main power supply cable from France still isn’t even back to half capacity? I bet those who were protesting against the proposed additional 2 GW power supply between France and Portsmouth are regretting their stance now too.

How many coal-fired power plants can we start up again?!

Just as well that Hinkley Point C is going smoothly, eh? :woozy_face:

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Going across to France on Friday and only just realised I need the UK version…not sure they will be checking…just driven south to stay a couple of nights before crossing and couldn’t get in any motorway services because of the queues… luckily I had filled up before the panic started

Having said that the motorways were quiet. I have never driven past Heathrow before and seen the M25 with so little traffic mid afternoon.

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@Kopstar Any idea when they introduced this? It feels almost as though they decided to change it on a whim, and from the wording of the article, it seems that it was done on Tuesday, with immediate effect?

Feels like they’re leaving a lot of people in trouble…

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Exactly so. I’m afraid I don’t know any more than what is said in the article. It would appear that nobody would otherwise be aware if it wasn’t for the UN announcement. Even then, the request appears to have only gone in yesterday, but is seemingly with immediate effect!

Fucking idiotic.

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The cable is not the only problem. Leaving the Euphemia system, and no longer participating in the grid-balancing auctions (at least on the demand side) for the EU power system puts UK demand (and therefore pricing) into a discrete auction that clears after the grid-balancing auction is done. By definition, that supplies the UK demand from the highest marginal cost generators, in theory starting with those that just missed out on the main Euphemia auction. I don’t know the asset structures of European power well enough now, but in Ontario, that kind of demand is met mainly by CCGT generation that operates only a few hours per month and is otherwise supported by capacity payments, so it is not cheap.

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Is this a joke ? :face_with_raised_eyebrow:

Don’t worry; the reinforcements are coming:

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