Scorched-earth net zero will complete the deindustrialisation of Britain
Its worst victims are those least able to sustain the costs.
At this hour, breaking news from Planet Miliband… Ørsted, the Danish company developing the 2.4-gigawatt Hornsea 4 North Sea wind farm, has abandoned the project, designed to power 2.6m UK homes, citing rising costs and the fact that it had underestimated the difficulty involved in installing 180 giant offshore turbines…
On the same day (Tuesday), due to low winds, 53 per cent of electricity in the South East had to be imported from France, Belgium and the Netherlands, and 52 per cent in the North East from Norway…
The banking lobby group UK Finance expressed “serious concerns” that the Government’s drive to force private landlords to upgrade their premises to earn an Energy Performance Certificate (EPC) rating of ‘C’ or higher by 2030 would cost £36bn, would not be achieved until 2043 – 13 years late – and that the whole exercise would force landlords out of the market and lead to tenant evictions, aggravating the housing crisis that Labour is pledged to solve.