The Financial Times reports (only available to subscribers) that investment in energy infrastructure is being undermined by uncertainty over policy after the election:"Ernst & Young, the professional services firm, says that in the next three years energy companies must put £35bn-£50bn of investment in power stations, wind farms and gas storage, to hit government objectives for cutting carbon dioxide emissions while guaranteeing reliable electricity supplies. Uncertainty over energy policy and the regulatory framework, the firm argues, could cause an "investment hiatus" that would lead to strain on the electricity system later in the decade."
Not only does this pave the way for ‘pay as you throw’ charges, it is also an unwarranted intrusion into the private lives of citizens. I contacted Cllr Carl Minns, leader of Hull City Council, and asked him for assurances he had no plans to introduce this technology in the city.Back from the front line. After a couple of days spent over in Brussels making and renewing acquaintances, your correspondent is pleased to report that the international insurgency against waste, mad spending and reckless taxation is alive and well across the continent.
We leave to one side the surprise symbolism of a glimpse of actual tumbleweed drifting down the street in front of the Berlaymont building. Rather, let’s turn to a vignette within the European Parliament that reminds us of the struggle ahead.