Ofgem and their Tory masters choice is woefully wrong for levelling up? and will Kill our High Streets?

 

The well publicised 400% rise in energy costs for small businesses is abhorrent. It not only spells disaster for many businesses, it is the catalyst for the collapse of the ‘house of cards’ rhetoric from the Conservatives since BREXIT of full employment.

The nation and the national workforce confidence relies heavily on people wishing to work locally and small businesses are where lots of people prefer to be employed and feel safe in that type of environment. The Government has stretched those businesses to the limit in recent years.

They have had to suffer the Government refusing to grant business rate relief to many, they have survived loss of profit in most cases through the lack of footfall through the pandemic and now find themselves being cast aside and punished by a Government that just does not care and prefers instead to support investors who tend to offshore their profits and would never spend on local high streets or with many local businesses.

The leveling up agenda from Government is now foundering on the rocks as the projects have never been fully funded but with Councils who lead and manage the necessary change having to borrow at higher rates due to the state of the economy to complete those projects they now find themselves as organisations financially stretched.

With all bodies commentating on the economy predicting a huge rise in Council Tax benefit and rebates as people are driven into poverty or become unemployed, repaying borrowing for Councils will become ever dangerous and subject to high and strong levels of scrutiny and criticism.

The Tories in Government are spending £Millions on weapons for the war in Eastern Europe with excalibur shells running at £60,000 each one just needs to look around your local high street and the price rises in your supermarkets to notice that the cost of funding Boris Johnson’s promises to the Ukraine is placing Britain in a very negative position and millions of its population into deep poverty that will take years to recover from.

The Government needs to cut the cap, own ofgem and don’t hide behind the apron strings of ‘it wasn't us’ ‘it was him!’