Friday, 11 November 2011

There will be jobs. - by Pete... Thursday, November 10, 2011

If you thought you had seen the back of socialism in the UK motor industry, think again. If the government decrees "there will be jobs", then there will be jobs. In the midst of a downturn gearing toward a depression we are expect to believe that people arequeuing round the block to buy luxury off-roader's.

It could be demand generated by all those departingcouncil chiefs, but more likely, this is the manifestation of your money, as announced back in April.

Nick Clegg, the Deputy Prime Minister, announced in April that the Birmingham-based carmaker would receive a share of £450 million from the Regional Grown Fund, a new government scheme.

It was aimed at helping the private sector create new jobs to replace those being lost in the public services because of funding cuts.

I guess this is a "Five-Year Plan" to build more Chelsea Tractors.

COMMENT THREAD

Print ready

Knock back the doubters - by Pete...

After a Citigroup report warning investors to exercise "extreme caution" before investing in Scottish renewable energy, we are set straight by SSE, aided gladly by theBBC.
With its half-year figures, the Perth-based company formerly known as Scottish and Southern Energy has pointed out that it already operates in the Republic of Ireland as well as across devolved boundaries in the UK.

"Different constitutional arrangements apply in each of these jurisdictions," it points out. "They are, however, all within the EU and there is a common EU energy policy, the central goals of which (security of supply, competitiveness and sustainability) are laid down in the Lisbon Treaty.

"This means, for example, that all member states are required to support the achievement of legally-binding targets for more renewable energy.

"The EU Renewable Energy Directive aims at 'facilitating cross-border support of energy from renewable sources' and 'introduces optional co-operation mechanisms between member states which allow them to agree on the extent to which one member state supports energy production in another and on the extent to which the energy production from renewable sources should count towards the national target of one or the other'."

To put it another way, the common European energy policy gives each state a target for reducing emissions, and it makes sense for them to buy their renewables from the part of Europe that produces renewable energy most efficiently. For marine and wind power, that would be Scotland.

So SSE is telling its investors to cheer up and Citigroup to pipe down.
So there you have it. Pay no attention. Our masters decree that there shall be wind farms. Economic realities be damned, you will pay. Free money, stolen from you. What's not to like?

COMMENT THREAD

Print ready

The future? - by Pete...

Print ready

Not long now - by Helen...

The Boss is clearly on the mend though the hospital is wisely keeping him out of action for a day or so longer. My stint is coming to an end, particularly as several other bloggers have kindly chipped in. I shall not say farewell yet, but soon.

Print ready

I'm back - by Richard...

Not really compost mentis. Stunned and grateful for all the kind wishes. I'm a day behind schedule, so it'll be a day yet before I can do a serious post.

Posted by Britannia Radio at 06:30