UKThe war on funEd Miliband was reported to be considering a tax on domestic ferry journeys, a move which might add 15% to prices. In a separate development in Labour’s war on fun, it was reported that he is also considering “guilt tripping” people when they try to book flights. Writing in the Times, Jeremy Clarkson said the Net Zero was ‘inhuman’. The war on prosperityFurther subsidies of hundreds of millions of pounds will be required to keep Britain’s remaining steel plants afloat if the EU imposes a carbon tax on imports. Production ended at the Mossmorran chemical plant. Subsidy junkie power generator Drax announced a programme of layoffs, despite hoovering up hundreds of millions of pounds of public money every year. The National Farmers Union warned that Net Zero is pushing many of their members over the brink, with another £1 billion of green costs to hit the sector in the near future. Kathryn Porter warned that energy supplier Ovo is in a precarious financial state. If it goes under, the impact will dwarf the insolvency of Bulb Energy a few years ago. Vauxhall owner Stellantis admitted that it had vastly overestimated demand for electric vehicles. The troubled manufacturer announced at £19billion hit to profits. Manufacturing output and confidence rose slightly, but jobs continue to fall, albeit at a lower rate than previously. UK carbon prices have risen by 20% since the start of the year, driving up the costs for manufacturing industry and the power sector.
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