The difficulty of getting any economic common sense into the heads of carbon dioxide obsessed leaders seems insurmountable at present.
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Economic disaster beckons without radical policy changes, says Net Zero Watch.
London, 27 September – Net Zero Watch has said that negative market reactions to the Government’s mini-budget show that domestic and international investors are highly sceptical about what appears to be half-baked policy proposals.
Investors can see that hardly anything is being done to address the underlying reasons for Britain’s economic and energy cost crisis.
Tax cuts in conjunction with astronomical and indeterminate handouts to energy suppliers announced by the Chancellor Kwasi Kwarteng last week have alarmed financiers because they shift the energy cost burden onto the UK’s debt mountain and future generations. As a result, the pound has crashed against the dollar and market reactions have been highly critical.
Net Zero Watch director, Dr Benny Peiser has warned that the country faces years of inflation and in all likelihood a major economic depression unless the government announces radical energy policy reforms:
The economy looks likely to tank and suffer for years to come because the Government refuses to abandon its suicidal Net Zero targets which are effectively preventing solutions to the catastrophic energy crisis.”
Full press release here.
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