Climate change policy is hot air - Bruce Whitehead
Tomorrow the UK finance minister Rachel Reeves has another go at fixing the enduring chaos left by the Truss/Kwarteng axis of madness.
She has promised to target the cost of living and some predict that will involve cutting VAT on energy. In winter electricity and gas charges matter more, so another option could be to reduce extra costs used to fund renewables connectivity, the warm home discount for low-waged, and nuclear power.
The consumer expert Martin Lewis says these costs are imposed by the government for policy reasons - for example, to achieve net zero carbon emissions; or to help those on low incomes. Perversely, says Mr Lewis, the government wants to reduce gas usage and promote heat pumps, but current policy makes gas cheaper: electricity standing charges and unit costs are rising, while gas charges overall have fallen. Since gas emits more CO2, and renewables only generate electricity, this makes a mockery of the government's climate change policy.
And don't get him started on the energy price cap; last week it went up 0.2 per cent, making an average bill £3 higher at £1758. Lewis calls this a "pants" cap, because the cheapest available electricity "fixes" are 10 per cent lower!
Ms Reeves' predecessor as shadow chancellor John McDonnell reminds us of the shameful fact that under Labour, 6m children remain in poverty. Will she end that tomorrow? Don't hold your breath.