Are these guys channelling each other or something?

It looks like Red Ed Miliband is channelling David Cunliffe again.

This time it is power…with all the same dire warnings of implementing such stupid policy.

Shares in leading energy firms dropped by up to five per cent today as the markets reacted to Labour’s 1970s-style plan to freeze power bills.

Energy firms said capping prices would halt the investment needed to avoid blackouts and lead to gas and electricity shortages.

But Labour leader Ed Miliband today dismissed the ‘scare stories’ which he claimed were being pedalled by the firms which have been overcharging people for years.

The Labour leader’s pledge to fix bills until 2017 if he wins the general election, which is calculated to appeal to struggling families, was welcomed by consumer groups. 

But it prompted an extraordinary threat from one energy giant to quit the UK.

Centrica said it would ‘not be economically viable to continue’ if it had to freeze prices when its costs were rising. The firm’s chairman Sir Roger Carr called the policy ‘a recipe for economic ruin’.

Shares in Centrica, which owns British Gas dropped by five per cent on early trading to less than 377p.

Scottish and Southern Electric also saw shares drop in value, down more than four percent to 1,512p/

Angela Knight, of the Energy UK trade association, warned Mr Miliband’s plan would risk jobs and threaten the energy supply.

‘Freezing the bill, may be superficially attractive, but it will also freeze the money to build and renew power stations, freeze the jobs and livelihoods of the 600,000 plus people dependent on the energy industry and make the prospect of energy shortages a reality, pushing up the prices for everyone,’ she added.

No one wrecks investor wealth like a socialist.

  • blokeintakapuna

    “No one wrecks investor wealth like a socialist.”
    Sledge of the week…

    • Justsayn

      A socialist may that that as a compliment.

      Blackouts? Carless days? Oh yes, those were the halcyon days.

      • Kopua Cowboy

        The halcyon days of socialism were at the height of the Third Reich. The lefties refuse to own the “National Socialists” as their own kin, and now refer to them as far-right

        • NJ

          Oh for fucks sake, the Nazi’s were a far right political ideology. They were anti Communist and anti Socialist.

          Just because Fox news told you otherwise doesn’t make it true. Unbelievable that people get sucked in to Faux News, you have to be a special sort of stupid to believe that.

  • Alloytoo

    can the windmills, that will bring prices down long term

  • Shoreboy57

    Waiting for shifty silent T to make the call to give votes to 16 year olds

  • Col

    So Labour and the Greens here can watch as the UK has blackouts, and learn what will happen for free, watch this space!!!!

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