Despite the media hysteria over Boris having a short holiday, it seems that Number 10 can still function with him being in Spain. The same hysterical media are reporting the Boris has backed Kwasi, in his battle with Rishi over bailouts for energy intensive industries.
Now whilst in the short term this, if it goes ahead, may provide a feel good factor there are a few uncomfortable questions:
1 Why did these industries not hedge against rising energy prices?
2 Are we sure that they have no other means of funding there energy bills (eg cut dividends, borrow)?
3 Is it now the norm for businesses, so used to Covid handouts, to run bleating to the government everytime something goes wrong?
4 How much extra tax will we be forced to fork out to save these companies?
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