The major political parties are rushing to promote new policies that they think will attract voters prior to the General Election. The latest such proposal from the Labour Party is to create a Great British Energy company to invest in new energy sources. This would be an investment company with funding from the UK Government.
But what would it actually do and where would the money come from? That is not at all clear.
But it looks like another case of gerrymandering as likely sources of power are in Scotland where there are possible wind power and wave power sources and of course an active oil/gas industry. Is this a sop to Scottish nationalists with the promise of more jobs to persuade people to vote Labour rather than the SNP who are on the defensive after recent financial scandals?
But SNP Westminster leader Stephen Flynn said: “This interview showed Keir Starmer is utterly clueless about the Scottish energy industry and his only Scottish policy has completely unravelled”.
It certainly looks like an opportunistic gambit to win Scottish votes to me. The other downside is that Government intervention in commercial activities always proves to be a failure.
Roger Lawson (Twitter: https://twitter.com/RogerWLawson )
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