If brown implements the windfall tax to gas and electric suppliers?

Question

would you welcome it?

Would you still welcome it if in ten years time we are all on fuel rations?

Considering 4 out of the big 6 are foreign owned now what do you think they are going to do when the power stations need updating, The ageing nuclear stations will be getting retired at that point and the coal and oil facilities will also have been closed due to labour environmental policies.

What do you think these foreign companies will do after, they have been hammered with a windfall tax and a price cap? can you see them investing in building new power stations? because after all they are all private sector owned. Or will they all just invest in up coming faster growing economies and forget about good old blighty and their ridiculous tax cultures.

Your thoughts please.

Answer 1

This should be nationalised, we cannot afford for our power and water to be owned by foreign companies who now have a stranglehold on our economy. It's time we started to look inwards for help and not the other way. When the chips are down this country can really sort it self out.

Answer 2

No i wouldn't because what will happen before long is this, that the more you punish companies with tax, the likelihood is that they move their business elsewhere, it stands to reason. And you don't have to have an economics degree to work that out. A very interesting  article in my paper the other day from the business editor said exactly the same thing.

No the companies were nationalised once and we were in a terible state then, so much money wasted to  keep bloated   industries top heavy with personnel, and no way to get rid of people, that's what it was like when the unions ruled the roost of much of our industries. We simply can not  go back to those days.

Answer 3

Re-Nationalise all public utilities now.

It is morally wrong for fat cats to get rich on the backs of generations of workers and taxpayers who built up these industries.

Note.

No , you need to nationalise to public interest and good services before personal profit.

Answer 4

very much so.

Answer 5

I agree with you, because then they will have no money to sustain our failing  power industry. Brown is already receiving a windfall tax by higher corporation tax charged on the increased profit. Moreover, he is receiving an even larger windfall on fuel duty.

It is outrageous that the Government have allowed foreign companies to take over our power industries. That is a direct assault on our national security. However, as soon as they started to allow foreign takeovers, it was obvious that the Government intended to give Britain up to the EU.

NOTE. You don't need to Nationalise in order to avoid foreign ownership.

Answer 6

If he increases their costs they'll just pass it on - to us

Answer 7

If there is a windfall tax it should be redistributed to everybody.  I pay my income tax, council tax, national insurance, gas electric, mortgage etc etc for my salary.  Why should I be punished for paying all of these taxes etc on time, every month.  I do not scrounge from the state.  A windfall tax to help pensioners, I have no problem with a payment, but do not attempt to subsidise for the low paid, unemployed, immigrants

or scroungers of this society.  Gas and Electricity prices are high enough and climbing, why should I not get a refund or help - I am not on a particularly high wage but do not ask for, or am entitled to benefits.

I feel that I am being done over yet again.

For my many "I's" in this rant please read it as WE !!! - the honest hard working, bill and tax paying members of society!!!

Answer 8

Allowing foreign ownership was a mistake. How many other countries allow this to happen? Re-nationalising will not work for reasons already set out above. Allow British companies to run the utilities, with a cap on profits for the shareholders.

Answer 9

For me the way forward is investment in wind, solar and water power there should be large tax incentives for the companies to invest in these, and penalties for those that dont.  Also there should be easy to apply for grants for people who are  geographically able to produce their own power with the option of resupply to the national grid when they have an excess to be offset against their grant.  Investement is the key not tax tax tax.