March 26th, 2014

PMQs SKETCH: Ed Enters Valley of Death

Reactions vary, but that looked to me like slaughter.

“A total demolition,” Ed Miliband said, and it was surely that.

His “energy price freeze” collapsed on itself like a factory chimney.

This morning, a power company announced it was holding its prices for 20 months.

That’s good news, they thought on Planet Ed. There wasn’t time to go through the consequences.

Ed led on it. Here it is, he cried, the very price freeze Labour has proposed.

His features took on a life of their own. He started to look like Tory Rory Stewart, who looks like a pre-op Miliband. It’s really not what prime ministers look like.

Did the Cameron still think it was “unworkable, impossible to achieve and probably a communist plot?” (Laughter)

Tories held their breath. It felt like a moment.

The counter-argument came and kept on coming. Cameron read the “fine print”. The company said they were able to reduce prices because of the Government scrapping green levies. That is was a company decision, not a state decree. That is was competition starting to work. That prices were being cut, not just held.

On Ed went, COLCing on into the Valley of Death.

The Tory election promise is now in place. Against Ed’s price controls – something that was discredited fifty years ago – Tories offer economic growth to raise real wages, corporate competition to reduce prices and tax cuts to raise disposable incomes.

That the real-world economy should be behaving in practice as theory said it should do – that must be amazing economists.

It’s certainly astonishing the Tories.


39 Comments

  1. 1
  2. 2
    Europarl Labour says:

    Ed Miliband is a very poor Labour leader. We in the party all know this but are too scared to act and it’s hard to work. There’s almost way to eject him.

    But it’s time to do something because we need a new leader this summer then a good conference to build for 2015.

    Miliband must resign

    Like

    • 34
      Quixote says:

      Is not the freezing of the price by SSE causing the very things Ed was warned about when he proposed it as a policy to be adopted by his party, reduction in investment and the loss of jobs?

      Like

    • 37
      Machiavelli (not a town in Wales) says:

      Come now – the smart people in the party (yeah, I know, but there are a few) figured Ed for the fall guy. 2015 a good election to lose – too soon after the Blair Brown years, too many saps still around. Generational clear out needed…

      Like

  3. 3
    YOU KNOW says:

    labour = establishment

    Like

    • 33
      Only chavs shop at Tesco says:

      Labour = economically stupid poseurs who trough like everyone else while attacking private business as they have always done. Labour thinks money grows on trees and needs, yes, needs, an underclass to justify the thousands of jobs needed to process all the benefits bollox such as the one-eyed Scottish fuckwit and his ilk brought in just before the bubble burst in ’08. It works right up to the moment the money tree starts to wither.

      Democracy and socialism have one common facet – equality. Democracy welcomes equality in liberty and freedom of choice. Socialism revels in restrictions and servitude. Many of the current Labour front bench are as wealthy as some of the Tories they face, but Labour puts on the front that they care about the underdog. Cameron could throw the wealth charge straight back at Wedgie Jr and Balls and Yvette and Harman. Margaret Hodge is one of the wealthiest women in the Commons. Why the coalition don’t point this out again and again and again is a mystery wrapped up in an enigma. The cynical might conclude the Lib-Lab-Con triumvirate really are all in this together.

      Like

  4. 4
    Guido fan says:

    Welcome back, Simon

    Om holiday in Crimea and sunny parts?

    Like

  5. 5
    The cost of living crisis started after one term of New Labour says:

    In 1997 a modest public servants wage could just about buy you a modest home in London.
    By 2010 a modest public servants wage could just about buy you insurance on a modest car in London.
    How’s that for a cost of living crises Ed you prick?

    Like

  6. 6
    Mitch says:

    SSE have frozen their prices higher than other companies. How does that business model work, then?

    Like

    • 8
      Me says:

      If you don’t like their prices then move to one of the other companies.

      Like

      • 10
        Denial_a_river_in_Islington says:

        Yup. No such thing as an Oligopoly with 6 or more suppliers. Come to think of it, no such thing as a monopoly with a 5% profit margin. It was, is and always will be complete economic shite. Situation = Labour Normal.

        Like

        • 30
          Myfanwy says:

          “no such thing as a monopoly with a 5% profit margin” that is true, especially if that is the net profit or the profit submitted to HMRC after paying interest to one of your tax vehicles abroad. What I would to know is what is the cost of a KWhr (1 unit) purchased and the various selling prices and who pays what, adding in of course the so called standing charge, high users do pay far less per unit but also the facilities for delivering and producing the power and actualy distributing the power has got to be far higher.

          Like

      • 26
        Mitch says:

        Obviously. I mean how does it work for them and, by implication, for Ed Miliband’s policy.

        Like

  7. 7
    Economist says:

    I’m not sure the economy is behaving like “it should”

    Unless deficit fuelled slow and very late recovery is “as it should”

    Like

    • 31
      Myfanwy says:

      I get the impression that you do not believe Dave and Gideon, the wouldn’t tell porkie pies, would they

      Like

  8. 11
    Banana Republic Britain says:

    I like Ed, he makes me laugh!

    Like

  9. 13
    FO Beaker says:

    Now THAT is how to write a sketch, welcome back.

    Unfortunately, the MSM is going with the ‘It was Ed wot brung the prices down’ which is not just odd but a plain lie.

    Like

  10. 16
    The Sod says:

    500 workers to lose their jobs. Good one Ed, looking after the workers?

    Like

    • 32
      Myfanwy says:

      They were probably going to do that anyway, they will employ contractors to do the jobs if needed

      Like

  11. 17
    Ed's Underpants says:

    My next job as leader of my brothers party is to give all the billions of pounds from all the billions of billionaires in Britain to the billions of poor and deserving, cos that’s economics.

    Like

  12. 19
    RomaBob...benefits for all! says:

    Thought about feeling sorry for Ed, then decided against it…….

    Like

  13. 20
    The 2 Ed's who don't do numbers says:

    Since December 2013 the April 2014 year forward energy market rates have fallen significantly. Electricity down 10.3% from £53.50/MW to £48.00/MW and Gas down 13.1% from 68.5p/T to 59.5p/T.
    Freezing prices would prevent the consumer gaining from these reductions.
    It should also be noted that the 3rd innumerate Ed the village idiot call Davey last year signed a deal with edf to buy their New Nuclear output at twice the current market rate. PLONKERS the lot

    Like

  14. 21
    grasmit says:

    I am not really a labourite but I know I could rip Cameron a new arse every wednesday lunchtime better and cheaper than Ed seems capable of.

    Like

  15. 25
    I do do numbers says:

    Roughly 40% of UK Electricity is from Coal at £42/MW, 26% from Gas at £48/MW, 19% from Nuclear at £50/MW and 5% import (France/Nederland’s) at £50/MW. ie 90% at ave £41.30/MW. The remaining 10% from Renewable at just over £100/MW. The loony Greens wanted New Nuclear priced at £100/MW so the intermittent Renewable would be comparable. Oh and as a by product we need to spend £120bn on Smart Grid/Distribution and Metering to cope with the intermittent Renewable (and still probably have forced shedding)
    The Architect of much of this:- Ed Milliband’s 2008 Energy Policy. Cost of Living crises!! BBC silent, Ministers elect to be deceitful and blame the market and also fail to mention the various taxation which makes up over 25% of the average Domestic energy bill.

    Like

  16. 27
    I do do numbers says:

    Roughly 40% of UK Electricity is from Coal at £42/MW, 26% from Gas at £48/MW, 19% from Nuclear at £50/MW and 5% import (France/Nederland’s) at £50/MW. ie 90% at ave £41.30/MW. The remaining 10% from Renewable at just over £100/MW. The loony Greens wanted New Nuclear priced at £100/MW so the intermittent Renewable would be comparable. Oh and as a by product we need to spend £120bn on Smart Grid/Distribution and Metering to cope with the intermittent Renewable (and still probably have forced shedding)
    The Architect of much of this:- Ed Milliband’s 2008 Energy Policy. Cost of Living crises!! BBC silent, Ministers elect to be deceitful and blame the market and also fail to mention the various taxation which makes up over 25% of the average Domestic electricity bill.

    Like

  17. 28
    perdix says:

    SSE freezes energy prices and to pay for it sacks 500 staff and cancels two power generation projects. Understandable consequences.

    Like

  18. 35
    Jumbo says:

    Reading Dan Hodges’ column this a.m. it all made sense till suddenly he suggested Miliband do this: “Regain Labour’s credibility for competence and fiscal prudence.” That’s like saying Rose West should regain her reputation for running a cosy guest house.”

    Like


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Christie Malry @fcablog

Ed Miliband does photo oops, not photo ops


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