Osborne Caves In on Green Subsidies

20121123-084936.jpgOsborne should be worried this morning that Tim Yeo is heaping praise on his defeat by the LibDems. The government have given two fingers to the public by sticking them with around £180 per year on top of their bills to fund green vanity projects like wind farms. While Osborne has gained a long term win in scrapping pie in the sky decarbonisation plans, Guido is fairly sure voters, already fuming at the cost of energy, are not going to see it like that.

The winners? With a planned £5 billion hike in renewable subsidies up to £7.6 billion from the £2.6 billion currently, the Big 6 energy giants and Nick Clegg’s standing in his own party. The losers? Everyone else. Vote Blue, go Green, end up in the Red…




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George Osborne paraphrases Boris, telling the FT:

“If the ball came loose at the back of the scrum, I wouldn’t fumble it”

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