DAW

🚨 The government has just introduced a bill called the Energy Independence Bill whose main job is to make it illegal to hand out new licences to drill for oil and gas in the North Sea… This is the same week the Prime Minister is talking about easing the cost of living crisis, with fuel prices up nearly 30% in a year, inflation at 3.5%, and the Bank of England raising rates to 4% today for the first time in three years And while saying it expects inflation to hit 5% by the middle of next year, with energy the main reason UK businesses already pay about 45% more for energy than the G7 average Existing fields can keep going for now, but as they run down no new licences means less and less of our own, and while new drilling would not take money off anyone’s bill tomorrow because oil and gas sell at world prices and new fields take years Every barrel and every bit of gas we don’t produce here still gets bought from somewhere else and the tax, the jobs and the security go with it They’ve called it the Energy Independence Bill while the actual plan is to produce less here and buy more from other countries Only in Britain would you name a bill after the exact thing it makes harder.