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The plan is that no household will spend more than 7% of their post-tax income on energy.

Well that’s fucking idiot, isn’t it? Given the time of dearth, given that he’s already said that 80% of households will be paying more than that, there’s no restraint upon demand at all. This is pigsick stupid. Whack the heating right up, open a window if it’s too hot, why not? Because energy usage no longer is even vaguely connected to how much must be paid for energy.

Rilly, in a supply shortage make marginal energy usage effectively free? Jeez on his Pogo Stick.

All in, this package might cost £144 billion. In the short-term deficit funding might cover
this. To allay fears that this will be a burden on taxpayers I suggest a new Bank of England
funding arrangement to provide this money, almost costlessly.

We’re going to print more money in an inflationary environment. Venezuela here we come!

The rest is the usual drivel. Sigh.

33 thoughts on “The Plan!”

  1. We’ve successfully created an energy crisis thanks to years of government-mandated Greeniebollocks, government-mandated lockdowns and government-mandated sanctions on Europe’s main energy supplier.

    Capitalism has failed.

  2. Part of his plan involves an army of administrators

    “And the army of people needed to operate it could come from UK accountancy practices. Just push back the tax return submission deadlines (but not tax payment dates) by three months and all the required personnel could be found this autumn”

    Really? Because accountants aren’t busy all year round so could afford to release their staff for 3 months’ government work? And what if they politely decline? Conscription?

  3. Dennis, CPA to the Gods

    Don’t forget that the new “14 Principles” for tax transparency has dropped. Murphy’s seems immensely proud to be associated with it, and as one would suspect, it’s a bunch of gibberish.

    Murphy wrote it with some other Political Economy knob from Sheffield U. and it has the sort detail and depth you’d expect from a bunch of ideas that sound like they were first written down on the back of a cocktail napkin.

  4. Dennis, Not Being Sarcastic At All

    And the army of people needed to operate it could come from UK accountancy practices. Just push back the tax return submission deadlines (but not tax payment dates) by three months and all the required personnel could be found this autumn

    I’d be embarrassed for a college sophomore if they proposed this in any setting outside of a marijuana smoking contest.

  5. Distinct lack of ambition in my eyes. Why limit it to accountants? Footballers don’t do much in the summer, whilst cricketers are generally at a loose end in the winter aren’t they? Surely huge numbers of people could be pressed into government service whilst they’re obviously not doing anything worthwhile to make this a year-round effort.

  6. “Dennis, Not Being Sarcastic At All”

    Hilariously, Spud has just revealed that he thinks the tax payment due in January (let’s say for the 2021-22 tax year and due 31st Jan 2023) is based on the payment made in July 2022 and an ‘adjustment’ is made in April.

    He’s so wrong on that it’s hilarious. The Jan 2023 final payment is a balancing payment which can’t be calculated without the 2021-22 tax return being completed. And the completion of the 2021-22 tax return also sets the level of the 1st Payment on Account for the following tax year which is also due 31st Jan 2023. Unless the 2021-22 tax return is completed (and we try to get the bulk done by Christmas, meaning autumn is a very busy time) no-one will know what tax they have to pay as a final instalment for 2021-22 or first instalment for 2022-23.

    And there is no such thing as an adjustment made in April. There just isn’t.

  7. But the plan also seeks to keep essential public services going, and people in jobs this winter as well. I am baffled as to why no one else is talking about these issues.

    No one else in the country has expressed an opinion on the fuel or cost of living crisis. The man is certifiably nuts. I will be fisking the plan itself later tonight

    Dennis – great posts!!

  8. Him and his sycophants seem really impressed that he knocked it out over a weekend. Anyone with even a bit of common sense or intelligence should realise a plan for a whole new economy (and saving the world into the bargain) would take at least a week.

  9. I need to do some knitting, my latest sockpuppet has clearly been banned.

    Is he smart enough to block on IP addresses, or does he rely on recognising people’s names?

  10. I think he does block IP addresses. Something like ‘TunnelBear’ is free to download and has a free allowance of use each month. Should be able to cope with plenty of sock puppets.

  11. Dennis: Oppressor, Warmonger, Capitalist and Consumer of Petroleum Products

    The first thing I’d note is the error on page 12. Murphy starts the chapter with the question “What Can Be Done?”, whereas the correct phrase is “What Is To Be Done?”

    Very sloppy.

    And page 28 is a howler. He starts by suggesting emissions need to be reduced by replacing gas boilers and replacing fossil fuel based transportation and quickly moves on to the modest proposals of changing the nation’s diet and changing farming methods, without providing so much as a sentence as to what either proposal actually entails.

  12. Dennis, Climate-Change Denying Fruitcake

    This is another gem, and perhaps the funniest thing he’s ever written:

    First of all, let me make clear that my whole plan is 30 or so pages of A4, and even I don’t think that can be turned into a Twitter thread. But you can read the whole thing here. It’s the most comprehensive plan to tackle this crisis that I know of.

    You’ve got to know his plan is comprehensive… It’s too big for a Twitter thread!

    And evidently Murphy suspects his readership has, collectively, a rather modest attention span… Hence the warning that the Plan To Save The World As We Know It is a truly daunting 30 pages of A4 size paper.

    Polish your glasses and break out the ibuprofin everyone! Take a deep breath and be prepared to spend 20 minutes or so reading!

  13. Dennis, Inconveniently Noting Reality

    And evidently Murphy suspects his readership has, collectively, a rather modest attention span… Hence the warning that the Plan To Save The World As We Know It is a truly daunting 30 pages of A4 size paper.

    Just went through the comments. Couldn’t help noticing how many of his fanboys stated they’d “skimmed” the report.

  14. Dennis, With A Beretta In My Pocket

    And the army of people needed to operate it could come from UK accountancy practices. Just push back the tax return submission deadlines (but not tax payment dates) by three months and all the required personnel could be found this autumn

    The more I read this, the more I feel that this might be the most batshit crazy idea he’s ever come up with. Evidently (and unsurprisingly), Murphy Deeks Nolan couldn’t keep itself busy with legitimate work for the entirety of any given year.

  15. Kaneda is correct. Hence Kier Starmer wants to stop profits (so they can’t stimulate more supply) and fix prices (so they can’t temper demand). The other half of the left think we can just nationalise…what, exactly? Qatari LNG producers? And then there is Murphy…

  16. The way to get gas prices down is to crush demand. The only other way is to stimulate supply, and that is not going to happen if we are still to be ruled by imbeciles with PPE degrees.

    Reluctant as I am to intervene in the market, here is a way it can be done.

    Gas suppliers know exactly what your consumption has been, historically, because they have meters installed in your home.
    So mandate: 50% of your consumption is on your 2021 tariff, the next 30% is on the new tariff (+ a bit?). Not saving 20% energy hits you with a socking great bill for that segment. Any usage above 100% of historic consumption and your bill will freeze your balls off.

    Not painless, flawed because it has bad second order effects, but quick and dirty and gets the incentives mostly right.

    There. Less than 30 pages of A4. You’re welcome, Richie.

  17. I’m missing something here: the EU buys lots of gas from Russia, even at 20% of previous levels that’s still a lot of gas.
    So the UK contacts GasRussia – rosneft, gazprom whatever their name is and asks if any available to sell to UK on a tanker. If they agree (and they shouldn’t) and the price is lower than what comes out of the North Sea or from Qatar, then buy.
    The UK can use some of the benefit of the cheaper gas to fund weapons supplies to Ukraine if it wishes. But that’s up to the UK.
    Can’t do that? fuck yeah we can. Plenty of countries in the past have been daft enough to fund wars against themselves. Just consider the war on drugs. Or fundamentalist sunni islamists on student loans or benefits taking on the very same countries where they reside. Or subsidising wind farms but banning it in the windiest places. Or declaring climate emergencies but not repealing the Jones Act.

  18. the question on my mind is What colour crayon(s) did he use for his manifesto and was it all in capital letters or all in lower case ? Was it all one colour, bar green for the truly insane parts?

  19. Good idea Bongo. Of course, if the UK is too pure to deal with the Russkies, they pay a premium to buy Russian gas through the Injuns or heathen Chinee.

    As for funding wars against themselves, I still feel the classic is the US funding the Palestinians. Alas Trumps’ halting this nonsense was reversed by Biden.

  20. Richie and his ilk have been demanding “something be done” to stop plebs using energy. The way you stop people using something is by raising its price. Bingo, that’s exactly the situation politicians have engineering things into. Lord Spudcup should sit back in a satisfied glow.

    Of course, nobody would realise he’s been so successful, so he should be shouting it from his blogtops to all readers to ensure his contribution is make universally known.

  21. Can we be real again now?

    《Because energy usage no longer is even vaguely connected to how much must be paid for energy.》

    Hasn’t that ship long since sailed? Does decoupling explicitly disconnect electricity supply from demand?

    Isn’t the key shortage in Venezuela US dollars, which is easily remedied by printing more of the world’s best money, the one that Venezuelans want, and distributing it to their cellphones via CBDC technology?

  22. Rsm

    What stipend are you receiving from the WEF, Klaus Schwab and Noah Yuval Harari for this stream of pro Great Reset propaganda? CBDCs are a coming catastrophe as we have seen already in Canada.

  23. His report will be read from page 1 to 30 by maybe a few dozen people. A hundred might skim read it. Most will be reading it to laugh at it. I make comments on various social media sites and I know my readership is in the tens of thousands if not hundreds of thousands going by the feedback I get. I’m a nobody with a greater reach than he has, and he’s famous infamous.

  24. philip @ 7.20 “The way to get gas prices down is to crush demand. The only other way is to stimulate supply, and that is not going to happen if we are still to be ruled by imbeciles with PPE degrees.
    Spot on.
    Plus, as VP mentions above, whilst the WEF are behind the curtain pulling the strings, and that, in a nutshell is why we are in the state we are in.

  25. Bloke in North Dorset

    As I commented elsewhere: Judging by a Times headline, 3/4 of Conservative voters agree with Starmer that a 3-day-week and rolling blackouts is the best way to manage the crises. Although to be fair, he didn’t put it like that.

    Germany may have been grossly negligent in its energy strategy, but at least they’ve got the good sense to understand that the only way to get demand down is increasing prices and they’ve just implemented a gas levy of €2.419 per kwh.

    I agree with Phillip, the 2nd and higher order consequences of giving politicians such power don’t bear thinking about, but its the only serious proposal I’ve seen form the so called great and good.

  26. @philip: I like the idea, well I don’t because it gives far too much power to the State to decree how much energy any one person ‘should’ have, via the ability to make the ‘ration+1’ unit of gas ludicrously expensive, but as a practical solution to our problem, it beats the pants off anything else the great and the good are coming up with.

    There are issues, namely people who have been in their new accommodation for less than a year – they will have no usage record at that particular property so someone would have to come up with a formula to predict based on house size and number of inhabitants. Which could be quite contentious. And anyone who has a child would demand extra ‘rations’ too.

    It is quite a good idea, but I could see it descending into trying to micromanage the gas and electric consumption allowances of 30m households, which given the variations within human social arrangements are always going to throw up anomalous cases that you can bet will be paraded by the usual suspects to discredit the idea.

    I can also see that once implemented it would never be repealed and would become the energy version of income tax. Once something that only affected those at the very top of society, and that slowly has come to dominate the lives of every individual in the country. So for that reason I’d pass. Its just too much of a free gift to the control freaks. They’d never give it up once the crisis was over.

  27. It would certainly benefit those who never gave a shit about what they used in the past compared to those that did. For example, the little old lady that had it down to rock bottom, wearing multiple layers and using just a 1 bar fire in one small room of her house, compared to the households where they were used to wandering around in tea shirts all winter. Gosh, they might sometimes now have to wear a jumper, whereas I might not fancy the poor old girl’s chances…

    I preferred the other suggestion:

    “The way to get gas prices down is to crush demand. The only other way is to stimulate supply

    “and that is not going to happen if we are still to be ruled by imbeciles with PPE degrees.”

    Lions, lots of them, or whatever it takes.

  28. @TW

    DM agrees with you and us

    Daily Mail: Labour’s energy plan will prolong the pain
    .
    The price freeze would not incentivise households to reduce energy consumption. Experts claim it would prolong rampant inflation. And it would invariably increase the nation’s debt mountain – saddling future generations with the bill
    https://www.dailymail.co.uk/news/article-11114857/

    Even Biden supporting DM’s Brummer attacked Labour’s plan

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