Andy Burnham praised for making the case for greater public ownership of essential utilities
“Everybody needs the basics, everybody needs to be able to afford the basics”.
“Everybody needs the basics, everybody needs to be able to afford the basics”.
A roundup of progressive news…
Oil giant BP has announced that its profits have tripled to £6.9billion ($8.45billion) in the second quarter of this year – its highest in 14 years – as millions of families across the country struggle amid soaring energy bills.
The country first froze gas prices in October 2021 and also capped electricity prices from increasing by no more than 4 percent.
“We need action now.”
The TUC is proposing a reshaping of the UK’s energy system, to be more in line with our European neighbours that are finding it easier to weather the current crisis.
A roundup of progressive news…
The 25% tax is only on selected profits of oil and gas companies, mainly North Sea profits of what the legislation calls “ring fence trade”.
Privatised industries pursue short-term objectives rather than long-term social objectives
‘As war continues to rage in Ukraine, sending already surging gas prices even higher, the Chancellor investing in net zero isn’t just good economic policy, it’s also in the interests of our national security.’