According to the latest growth figures from the EU, Britain’s forecast has been downgraded from 1.7% to 1.1%, with inflation likely to rise from 4.1% to 4.4%. The EU blames “a spike in inflation… due to rising home energy prices”.
Godfrey Bloom MEP, the UKIP Energy spokesman said, “The news has even filtered to Brussels that the UK’s energy policies are causing harm to our economy. If anything needs to be spiked it is the economically illiterate Climate Change Act, that is to a large degree the cause of this price rise.”
He went on, “It is bad enough that British business, particularly the SME sector is being hamstrung by a knot of regulatory red tape, but worse that the UK government wants to sacrifice them and the country’s prosperity on the altar of Climate Change.”
Bloom said, “The Government doesn’t have the bottle to make serious spending cuts, so it is plainly absurd that they make things even harder for people by deliberately ramping up energy costs. It is not just the domestic consumer that is being hit, but business and industry. When the prices go up for them, then naturally they have to put up the prices of their goods and services up for everyone. This harms sales and leads to a vicious circle of decline.
"For goodness sake, it is time the Government took the wax out of its ears, stops listening to the siren song of the climate alarmists and did something for the British people and their economy. Scrap the Climate Change Act now, before it is too late."
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