I heard Rees-Moog on #Newsnight yesterday, and wanted to look at the detail on Govt support for business and energy bills.
I ask this with some hesitation, but is there anything at all beyond what's in the next tweets? 1/
First, there's this from Sept 8, setting up the scheme for households, and promising help for business. 2/ gov.uk/government/new…
Second, there's this from yesterday, with a more specific focus on business (and a lot padding with supportive quotes from Govts and business). 3/ gov.uk/government/new…
And third and last, there's the accompanying 'guidance'. It makes reference to legislation towards the bottom. 4/ gov.uk/guidance/energ…
It says: 'Urgent legislation to enable the implementation of the scheme will be introduced in Parliament in October. This will provide government with the powers to establish the scheme, ensure benefits are passed on to consumers and provide for an effective compliance...' 5/
'... and enforcement regime.'
Am I missing something? There's no detail on what this will cost or how it will be funded, and no detail on what the legislation will say. 6/6
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With every passing day, there's more to worry about when it comes to the Truss Govt. Like the Johnson Govt, it is evading scrutiny and constraint. But unlike the Johnson Govt, it is pursuing a clear policy agenda, with unapologetic zeal. Short 🧵1/6
We have, in what are still the first few political days of the new Govt, seen a strong emphasis on tax cuts and on deregulation (eg re fracking and freeports), 'balanced' by a sticking-plaster 'solution' to the energy crisis for households and business. 2/
We have seen attacks on the civil service (eg Tom Scholar) and the OBR, the creation of wide executive powers (eg in today's EU Retained Law Bill), and the side-lining of Parliament (no doubt the Speaker will be very cross...). 3/
Time for a 'first impressions of PM Truss' thread.
It looks like *she* is convinced that she is doing the right thing. The problem is that all too few others share her conviction. And, time to win them round is very short. 🧵1/7
We get the message. She wants to grow the economy. How? By cutting taxes and regulations. She professes unconcerned about 'redistribution'. She will 'talk tough' to the EU. 2/7
She is likely to run into significant opposition. President Biden is 'sick and tired' of trickle-down economics. The markets are, at best, sceptical. There is unrest within civil service and the Tory Party. The EU is way past indulging the UK. 3/7
So, in the last week, we've had a new PM and a new monarch.
Some thoughts here on what I think are jarring contrasts, which speak to the confused nature of the UK in 2022. I'll start with the monarchy. 🧵1/15
First, there's near universal support and respect for the Queen. Her sense of duty and loyal service to the nation are widely admired, across the political spectrum, both in the UK and across the world. 2/
Second, the transition to King Charles III has been seamless, rooted in centuries of tradition. It's all a bit much (for me) (and there's a long way to go before the Queen's funeral...), but I understand the appeal. 3/
Unlike many, I am finding it difficult to predict how a Liz Truss Government will act. It strikes me that each of the following is relevant, and that it is difficult to be sure how much weight they will each carry. 1/6
First, her own ideology. I think that we should take her at her word that she is (now) a Conservative, who believes in free markets, tax cuts, and giving people the ability to control their own lives. She's less keen on trade unions and the EU. And she likes cake. 2/6
Second, her ambition. She's been near the top of the Party for many years. She has been a Lib Dem, and she backed remain. She has changed course at least in part because that is what she felt she needed to do to advance her own career. What best serves that end now? 3/6
There was, for some optimistic souls, a flicker of hope with the removal of PM Johnson.
Perhaps things would change, and at least some measure of integrity and seriousness would be restored to UK politics.
But no. 🧵 1/7
As the Tory leadership contest has unfolded, the candidates have shown that they do not understand the problems the country is facing, and that they do not have any solutions.
Cakeism, and faith-based politics, has taken root. 2/
This is, for example, what Sunak said about Brexit and Northern Ireland yesterday.
It is utter garbage (and inconsistent even with the Govt's own proposals). 3/