Thursday 3 November 2022

Of tax and climate action

 

While I wait for the chaos around the about bloomin' time changing of a tap downstairs to subside - and why is it you want to go just when there's no chance to flush? - I'm just looking at some of the important stuff that needs doing.

We know on the 17th the Annual Autumn statement needs to be published by the Chancellor which I am sure will feature some tax rises to claw back the money lost by the Albatruss in her short period apart from the black hole in the reserves that existed at that point when she and her chancellor tried to borrow a massive amount to secure tax cuts with no clear plan to pay it back.

It's quite probable a sort of tax on energy firms profits might feature even if not perhaps in name given both the need for revenue and the fairly widespread feeling they are profiteering from peoples misery.

The other side of it is that some support for people and business who are struggling with the step rises in energy, food and fuel is likely to be needed over and above that that has been done so far.

Mortgage and Rent rises too are causing a lot of concern not least because failure to keep up with does leave to loss of a place to live fairly rapidly.

It was a surprise to see that outside King Charles III's special event to be held prior to COP27, the climate change conference, Mr Sunak decided to actually attend it given he'd previously indicated he felt there was more important domestic business he needed to do.

Could it of been being out staged by ex Prime Minister Boris Johnson saying he was going lead to this? Possible as was the criticism both from people such as the Green Party you might expect but also from some of his own back bench Members of Parliament whose voters are interested in Climate Change and what globally we can do about it.

A lot of store was placed on last years COP26 in Glasgow but there has being much backtracking from commitments because of both the energy issues with alternative and renewable energies not quite filling the gap left by nuclear and fossil fuels when it comes to making electricity.

The other is of course the weaponization of energy with Russia turning off the gas to continental Europe which has raised prices for all and the War itself Russia is engaged in against Ukraine.

I must admit I'm wary of big conference events such as COP not least because it seems to me little is achieved that justifies the time, effort and yes even energy used when many of the Worlds biggest polluters who prioritize short term growth over keeping with sustainable year on year reductions in C02, "air miles" and the like.

It's like you want to talk green and really not do much beyond changing the window dressing and yet climate change and its impact on our only planet is very real.

I do wonder if Mr Sunak's first though might of had some merit? 

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