The power and the inglorious

With gas and electricity costs already through the roof and a new cap set to be announced by Ofgem from October at the end of this coming week with yet another in January, the emergency temporary renationalisation of energy companies is looking more and more like a viable solution to an unprecedented problem.

Kier Starmer’s idea of just freezing the cap is like trying to plug a leaking dam with your finger and won’t do anything to repair the damage already done, but with the present cost of living crisis and the economy of the verge of collapse action needs to be taken and now, not in two weeks, now.

But let’s not allow the political point scorers to play the blame game here, this situation has arisen as a result of Putin’s aggression against Ukraine and the greed of oil companies who have posted record profits for the past quarter.

I’m not taken in by excuses about increased investment or pension funds – I have three separate pensions waiting for me to hit 67 and they have all dropped over the past year to the point where I need to make a decision on whether to stick and hope for the best or call in my chips.

The economy crash has very little, if anything, to do with our Government’s economic policy, although this episode in our history may need to bring about a rethink over whether utilities – including water – companies should be in private hands at all.

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Of course, the next thing will be the dreaded R-word. Recession.

As soon as the R-word is mentioned employers have a habit of poohing their pants and instantly throwing huge swathes of their workforce onto the scrapheap via the other R-word.

The corporate handbook has them using words like synergy, moving forward and my personal favourite piece of bulls**t: “it’s the position that is being made redundant, not the person.”

Whichever way you want to look at it, all that loyalty you may have showed over the years, the above and beyond stuff, comes down to here’s a few quid, now f-off (yes, when the R-word comes into play the F-word invariably follows).

Fortunately, the last time this happened to me I was able to pick the lock on a door of opportunity which has ensured that I will never have to listen to those empty words ever again, but I am in the minority because, contrary to how some people think the world should run (RMT general secretary Mick Lynch, I’m pointing at you), unless we become a sort of far left collective, some redundancies at least are unavoidable if privately owned businesses are going to continue.

It’s horrible, it’s cruel and I have a huuuuge issue with how thousands of livelihoods rest on decisions made by people who, if it should ever happen to them, will walk away with six figure golden handshakes and shares that shield them from the financial nightmare it presents for us normos, but it is unavoidable.

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A poll this week has revealed that Boris Johnson is still more popular amongst Tory voters than either of the candidates trying to replace him.

I don’t think I need to ask what that means.

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Anthony Joshua really threw his toys out of the pram on Saturday after losing to Ukrainian heavyweight Oleksandr Usyk for a second time.

I would think that’s likely to have scuppered any hopes of a big payday bout against Tyson Fury. Why on earth would Fury need to fight Joshua now? What’s in it for him? He doesn’t need the money and what would defeating Joshua prove? Nothing.

Stupid TV quiz answer of the week

Tipping Point:

Q: The posterior cruciate ligament forms part of which central joint in the human leg?

A: Elbow

And Olivia Atwood on Celebrity Tipping Point:

Q: Creating an illusion is known as using smoke and what?

A: Feathers?

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Edward Case

Columnist