schmunk
Well-used member
The answer to a child feeling bullied at a state school due to lack of wealth is to send the next child to a fee-paying private school...?
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[Politics] The Labour Government
- Thread starter Super Steve Earle
- Start date
Interestingly it came to my attention today that the Minister for Investment is one Poppy Gustafsson - 42 year old business woman who founded a UK tech company, went public a few years back and then recently sold for £4.2Bn in September.
Very astute hire and surprised I’m only finding this out today
Now scrapped completely due to claimed "reduction in government support".
AstraZeneca ditches £450m investment in UK plant
The drugs giant blames "protracted" talks with the government as well as differences over funding.
www.bbc.co.uk
Hunt 'verbally offered' £65-70m (but didn't deliver and it would be delivered by the 'next Government' [ie: was unbudgeted for]).
AZ then changed the make-up of the proposed investment.
Reeves / Labour reduced the offer to around £40m.
AZ's CEO took home £18.7m last year.
AZ's stock market value is around £200bn. It rose 0.5% today - £2,000 million.
AZ said 'several factors have influenced the decision..'
The existing facility will continue to operate, and no jobs are at risk.
Yes and no. If the government investment is not providing value for the tax payer then they’d be foolish to proceed. More importantly though, in my opinion, is the ongoing and developing situation in China with AZ. A fair amount of AZ’s growth is pinned on East Asia; things are a bit sticky out there at the moment. All things considered maybe it’s best to keep them at arms length for the time being.
That said, Eli Lilly are looking to invest in the UK
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- Apr 5, 2014
- 26,896
Do you know all the facts as to why it happened ?
But shadow business secretary Andrew Griffiths said: "There's no vaccine for incompetence.
"In the same week they talked about growth, Labour seem to have fumbled a deal with AstraZeneca, one of the UK's largest companies and central to the critical life sciences sector."
This is what annoys me about politics and political discussion. A Labour supporter would claim the government was doing the right thing. A Tory that they screwed up.
And neither actually knows the full details of the case
Utterly pointless.
beorhthelm
A. Virgo, Football Genius
- Jul 21, 2003
- 36,166
as i recall the AZ plant was following Covid and the realisation we have a lack of capacity for vaccine production. we're very good at creating them, making them at moderate scale, but when it comes to very large whole population scale, we came up short. dont much care for corporate welfare but the short and curlies is manufacturing bulk low value stuff isn't economical in the UK, so if we want that, we need to subsidise it. it's cheaper to pay the corporation to build, run and use it, profit from it even, than have one public owned and operated sit idle until needed. it's so disappointing because they were suppose to be better, supposed to look at the longer term.
Is it PotG?
Thrifty non-licker
https://news.sky.com/story/keir-sta...-take-20-years-gb-energy-boss-admits-13302168
The boss of GB Energy has told Sky News it could take 20 years to deliver a Labour government pledge of 1,000 jobs for Aberdeen.
Sir Keir Starmer promised voters his flagship green initiative, which will be headquartered in the northeast of Scotland, would cut consumer energy bills by as much as £300.
Keir Starmer's 1,000 jobs pledge could take 20 years, GB Energy boss admits
The boss of GB Energy has told Sky News it could take 20 years to deliver a Labour government pledge of 1,000 jobs for Aberdeen.
Sir Keir Starmer promised voters his flagship green initiative, which will be headquartered in the northeast of Scotland, would cut consumer energy bills by as much as £300.
dsr-burnley
Well-known member
- Aug 15, 2014
- 2,773
The job losses from shutting down the Rosebank and Jackdaw fields will come into force a lot faster.
Curious Orange
Punxsatawney Phil
- Jul 10, 2003
- 28,321
Nationalising Utilities ?
Bloody hell. Even Jonathan Pie is giving lectures in communism now
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fly high
Well-known member
Not much use to the hundreds of thousand pensioners in their freezing cold homes after a particularly cold January plus who is going to pay the billions of pounds to upgrade the infrastructure, oh I know, consumers.
Curious Orange
Punxsatawney Phil
I tend to have the Energy Dashboard up in a tab on my browser, as you can see in real time how the weather effects electricity generation from renewable sources. Today isn't too bad for wind generation, solar isn't great (though I am getting 300w off of my 4.2kwp solar array, which would cover most of my usage if I didn't currently have the heat pump tumble drier on).
People often bring up the potential of tidal hydro power, which I agree is great, but it isn't here now.
Energy Dashboard - real time and historical GB electricity data, carbon emissions and UK generation sites mapping
Live and historical GB National Grid electricity data, showing generation, demand and carbon emissions and UK generation sites mapping with API subscription service.
fly high
Well-known member
Thanks for that, very interesting, I've added it to my bookmarks now.I tend to have the Energy Dashboard up in a tab on my browser, as you can see in real time how the weather effects electricity generation from renewable sources. Today isn't too bad for wind generation, solar isn't great (though I am getting 300w off of my 4.2kwp solar array, which would cover most of my usage if I didn't currently have the heat pump tumble drier on).
People often bring up the potential of tidal hydro power, which I agree is great, but it isn't here now.
Energy Dashboard - real time and historical GB electricity data, carbon emissions and UK generation sites mapping
Live and historical GB National Grid electricity data, showing generation, demand and carbon emissions and UK generation sites mapping with API subscription service.www.energydashboard.co.uk
Problem with tidal is I think there has been under investment of research into it, it's all been about wind & solar.
Curious Orange
Punxsatawney Phil
Wind and solar are brilliant, but they are unreliable - they can go from providing most of our electricity needs to barely any of it in the space of days. There is an expensive (and environmentally troublesome) gap to be bridged in terms of how we generate our base supply need of electricity without using fossil fuels (without relying on the unreliable), and how we store any excess that we can collect from wind and solar when it is available (more pumped storage perhaps? Where?) without damaging the environment, a problem exacerbated by increasing demand for electricity from industry (think data centres) and a population that has been predicted to grow significantly over the next few years.
It seems to me that we need to reduce demand in order for the transition to be realistically affordable for the consumer, but then if the consumer is paying less are the infrastructure changes needed going to be affordable? As with anything in life there needs to be a financial incentive in order for individuals and businesses to change - I think that this is likely to be technologically driven, and I don't think the government should be driving innovation down one specific route as we might be missing something beneficial that could be done elsewhere.
These are hard things for every government to circle, so why any government would hamper themselves with a net zero target is beyond me.
dsr-burnley
Well-known member
- Aug 15, 2014
- 2,773
No chance of reducing demand, because as well as industry's increased usage, there is extra needed for electric cars and for replacing gas/coal/wood heating with electric. Demand is rocketing, that's unavoidable.
Rdodge30
Well-known member
- Dec 30, 2022
- 968
Slippery Ed is dangerous. His Net Zero fanaticism will cost the country billions if he isn’t stopped.
I don’t see how he and Reeves can both continue in opposition to each other within the Cabinet, surely Starmer is going to have to get rid of one and either commit to Economic Growth or Net Zero because the two are not compatible
I don’t see how he and Reeves can both continue in opposition to each other within the Cabinet, surely Starmer is going to have to get rid of one and either commit to Economic Growth or Net Zero because the two are not compatible
- Jan 18, 2009
- 4,940
It’s happening, this country’s energy prices will see raid deindustrialisation, which, given this Government’s approach to managing the economy, may be its intention. This was yesterday, there will be no ceramic industry left in Stoke at this rate.
Burslem's Royal Stafford goes bust, bringing an end to a 200-year history
Royal Stafford, based in Burslem, called in administrators on Monday, the GMB union says.
search.app
Governments need to be much more honest, the previous lot were the same. If we are not going to be a major industrial nation producing steel etc. (we are already below Egypt on that measure) the electorate deserves to be told.