TheGame
Full Member
Said it before. Dorries is unhinged.
Octopus Energy asks government for £1bn to buy Bulb
https://www.bbc.co.uk/news/business-62367992
Octopus Energy is seeking £1bn in taxpayer funding to take over collapsed rival Bulb from the UK government.
Bulb, which went bust last November, is currently being run by the state through the energy regulator Ofgem.
The £1bn funding is part of a package being discussed where Octopus would also pay more than £100m for Bulb's customers as well as entering a profit-sharing deal with the government.
The government declined to comment "due to commercial sensitivity".
The state bailout of Bulb is already expected to cost the taxpayer around £2bn by next year. But the Office for Budget Responsibility, the government's independent forecaster, said in March: "Given the volatility in global energy markets, there remains uncertainty around the final cost."
It is understood that the additional £1bn being sought by Octopus, which was first reported by Sky News, would be paid back in full over time.
It would be used to purchase energy in advance through a practice known as hedging.
Octopus Energy declined to comment.
Since Bulb's collapse in November, the price of wholesale gas has jumped by 78%, exacerbated by Russia's war in Ukraine and the Kremlin's decision to reduce energy supplies to Europe.
------------------------
Nationalisation, British style.
Said it before. Dorries is unhinged.
Will probably be sold under valuation, with no interest on loan, and no stake of future profit, so Government friends and donors can make a nice profit.Absolutely in favour of this as long as Octopus agree to pay interest on the loan within a minimum period and the Gov get a share of future profits.
Anything else is pitiful.
If you truly believe the bolded then you've not been paying attention.It does when your Party are the FPTP!
The one strong point of this system is whoever achieves that objective gets first crack at forming a Government and if they have the overall working majority they can start to implement their manifesto. Power is truly in the hands of the people or if you prefer 'democracy'.... any other system that relies on parties 'scratching around' to reach agreement with others tends to mean that deals are done behind closed doors, or as they use to say in 'smoke-filled rooms'. Where the public only gets to know the final outcome and everyone taking part is 'whipped' into secrecy.
Proportional representation sounds a fairer bet, but in its purest form, would mean umpteen smaller parties all trumpeting their own requirements,' talk-talk,' beer and sandwiches all round and gatherings which would make the recent party-gate events look mild and there would still be a good chance that nothing ever got done.
Its true that under FPTP, having 80+ seat majorities are also to be decried. Thankfully Boris didn't get to implement the worse excesses of his overwhelming margin of power, but only because the red-wall Tory MP's had one eye on the next GE.
To exercise power you have to win it, to win it you have to 'follow the Herd' otherwise they will leave you behind. Brexit has given many a taste for 'exercising their muscles' not because of its objectives, but how it operated, i.e. a massive pressure group made up mostly by people who felt (albeit for different reasons) completely p***ed-off they threatened to apply political 'weight' at a single point 'weak point' (in this case) the heart of the Tory party who realised they could be obliterated if they didn't grab the Brexit mantle from Farage and Co. Opportunists such as Farage and Boris read these signs ages before the rest of us.
At last Keir Starmer seems to realise that he cannot afford to let it happen again and is waking up to the necessity of''walking the line'.
It does when your Party are the FPTP!
The one strong point of this system is whoever achieves that objective gets first crack at forming a Government and if they have the overall working majority they can start to implement their manifesto. Power is truly in the hands of the people or if you prefer 'democracy'.... any other system that relies on parties 'scratching around' to reach agreement with others tends to mean that deals are done behind closed doors, or as they use to say in 'smoke-filled rooms'. Where the public only gets to know the final outcome and everyone taking part is 'whipped' into secrecy.
JRM's summer vibes.
![]()
Evil villain vibesJRM's summer vibes.
![]()
It does when your Party are the FPTP!
The one strong point of this system is whoever achieves that objective gets first crack at forming a Government and if they have the overall working majority they can start to implement their manifesto. Power is truly in the hands of the people or if you prefer 'democracy'.... any other system that relies on parties 'scratching around' to reach agreement with others tends to mean that deals are done behind closed doors, or as they use to say in 'smoke-filled rooms'. Where the public only gets to know the final outcome and everyone taking part is 'whipped' into secrecy.
Proportional representation sounds a fairer bet, but in its purest form, would mean umpteen smaller parties all trumpeting their own requirements,' talk-talk,' beer and sandwiches all round and gatherings which would make the recent party-gate events look mild and there would still be a good chance that nothing ever got done.
Its true that under FPTP, having 80+ seat majorities are also to be decried. Thankfully Boris didn't get to implement the worse excesses of his overwhelming margin of power, but only because the red-wall Tory MP's had one eye on the next GE.
To exercise power you have to win it, to win it you have to 'follow the Herd' otherwise they will leave you behind. Brexit has given many a taste for 'exercising their muscles' not because of its objectives, but how it operated, i.e. a massive pressure group made up mostly by people who felt (albeit for different reasons) completely p***ed-off they threatened to apply political 'weight' at a single point 'weak point' (in this case) the heart of the Tory party who realised they could be obliterated if they didn't grab the Brexit mantle from Farage and Co. Opportunists such as Farage and Boris read these signs ages before the rest of us.
At last Keir Starmer seems to realise that he cannot afford to let it happen again and is waking up to the necessity of''walking the line'.
JRM's summer vibes.
![]()
So the plan is to use the money to hedge future gas supplies now, right at the top of the market? That sounds a surefire way to need a further taxpayer bailout in a year or two.Octopus Energy asks government for £1bn to buy Bulb
https://www.bbc.co.uk/news/business-62367992
Octopus Energy is seeking £1bn in taxpayer funding to take over collapsed rival Bulb from the UK government.
Bulb, which went bust last November, is currently being run by the state through the energy regulator Ofgem.
The £1bn funding is part of a package being discussed where Octopus would also pay more than £100m for Bulb's customers as well as entering a profit-sharing deal with the government.
The government declined to comment "due to commercial sensitivity".
The state bailout of Bulb is already expected to cost the taxpayer around £2bn by next year. But the Office for Budget Responsibility, the government's independent forecaster, said in March: "Given the volatility in global energy markets, there remains uncertainty around the final cost."
It is understood that the additional £1bn being sought by Octopus, which was first reported by Sky News, would be paid back in full over time.
It would be used to purchase energy in advance through a practice known as hedging.
Octopus Energy declined to comment.
Since Bulb's collapse in November, the price of wholesale gas has jumped by 78%, exacerbated by Russia's war in Ukraine and the Kremlin's decision to reduce energy supplies to Europe.
------------------------
Nationalisation, British style.
So the plan is to use the money to hedge future gas supplies now, right at the top of the market? That sounds a surefire way to need a further taxpayer bailout in a year or two.
Privatise profits, nationalise losses. Tory socialism.Yep, and it is such a good idea that apparently they can get no private investment for it, meaning it will be all of us that cover the failure.
If you truly believe the bolded then you've not been paying attention.
But it isn't at all is it? Because FPTP doesn't deliver governments which represent the majority of voters.
as if conjecture based on personal experience of committee work and general speculation was the only way to answer that question
This means that political parties tend to be genuine communities of shared views or shared interests in a way that is not the case in a FPTP system -
Evil villain vibes
If Boris had been around for the run up to the next GE, we would have seen not only the 'low hanging fruit' gathered in by him and his pals, but the trees would be ripped up as well! Some Tories feared they were heading towards a colossal defeat at the next GE (some still believe that) and they would have used Boris to activate a 'scorched earth' departure.
Ben Wallace with his military background knows there is a time to fight and a time to retreat, that's why he didn't enter the race to replace Boris.
Starmer keeps his nerve, he should scrape in, if he can find a few good clearly costed policies to get us through for the next few years, and he can get something in Scotland, then he could have the highest number of Labour seats at Westminster in years.
No but it generally delivers the majority of votes needed to govern
Of course not, but its one way to answer that question!
Yes, but who decides which community is on the 'front row' and who is on the 'back row' when the 'goodies' are handout,?'Leveling' up of any kind would be practicably impossible(probably is now, given where we are) also how this country thinks e.g." every Englishman's home is his castle" would create even more local divisions. People tend to band together in large political parties like the Tories and Labour, because these are the 'heavyweights' who have a chance of getting something done, lots of smaller minority groups scrambling to reach a consensus would be potentially disastrous, we would finish up having more changes of governments than in Italy (Scusi!)
What you have is minority groups scrambling to control one of the big parties.
No but it generally delivers the majority of votes needed to govern
So the plan is to use the money to hedge future gas supplies now, right at the top of the market? That sounds a surefire way to need a further taxpayer bailout in a year or two.
This has nothing to do with it being democratic and representing the will of the people though, which was the thrust of your argument. The big argument for FPTP isn't that it delivers outcomes which reflect the will of the people, it's that, as you've alluded to, it's meant to deliver strong, stable governments who can prosecute their agendas quickly and unhindered by the opposition.
Christ on a bike
Ms Truss initially promised to save up to £8.8bn annually by “adjusting” officials’ salaries to match living costs in the areas where they work.
But aides were forced to amend the claim after experts at the Institute for Government pointed out that the foreign secretary’s target was almost as much as the total annual civil service pay bill of around £9bn.
I'm all for civil servants getting more money but it's not exactly unusual for area based pay. Is that not already a feature of the civil service today? Surely London staff aren't getting the same pay as Hull?
Be bold! Scrap the civil service!Oops.
What exactly have the tories done to gain popularity? This country is full of idiots.How is this even possible?
I mean, we’re fecked up over here, but y’all got a special kind of fecked up.What exactly have the tories done to gain popularity? This country is full of idiots.