Readers’ letters:  Truss’s voodoo economics won’t work


Prime Minister Liz Truss, expected to reveal details of the support package this week, speaks in the House of Commons alongside Chancellor Kwasi Kwarteng
Prime Minister Liz Truss, anticipated to disclose particulars of the help package deal this week, speaks within the Home of Commons alongside Chancellor Kwasi Kwarteng

The Tories have solely ever had one reply to financial issues – tax cuts, deregulation and letting the market rip.

The truth that this voodoo economics strategy has by no means delivered nationwide prosperity doesn’t curiosity them.

They’ve wholly abdicated their accountability as a authorities, which is to control market failures to guard the inhabitants, as a result of they’ve been too busy lining their very own pockets and people of their oligarch donors.

There isn’t a higher instance of ruinous market failure than the so-called ‘vitality market,’ run by non-public companies for revenue alone. It doesn’t operate effectively, doesn’t serve the pursuits of individuals and enterprise, and has didn’t put money into renewable vitality and expertise.

The UK stands alone amongst European states in having offered off its vitality belongings and it did so within the service of a failed ideology.

It’s why despite the fact that the costs of wholesale gasoline and electrical energy are the most cost effective since 2010, vitality payments have soared 85 per cent since March. It’s pure profiteering.

We’re residing by means of the demise throes of neoliberalism, an financial ideology detached to human struggling.

Scotland’s alternative is to construct a state that prioritises its residents’ welfare, by taking again management of its assets and establishing and implementing laws to save lots of and improve lives.

Leah Gunn Barrett, Edinburgh

Amongst different considerably ridiculous assertions Dr Richard Dixon (Scotsman, 15 September ) claims that our new PM is “backing far-off, ridiculously costly, nuclear energy”.

As an alternative of such waffle, let’s do a Kelvin and at at the very least attempt to put within the numbers that each critical scientific argument requires.

The brand new Hinkley Level C nuclear energy station will produce 3.1 GW for 60 years at an set up value of £26billion – that is about £140m per GWyr of important baseload.

Nearly completed is our newest and largest windfarm, Seagreen, off the Angus coast, which can, in keeping with its house owners, produce a mean 0.55GW for 25 years at an set up value of £3 billion or £218 million per GWyr of intermittent provide

It’ll take about six Seagreens (600 plus large generators overlaying an space of close to 7000 sq. miles) to equal Hinkley’s output and an enormous and expensive enhance in vitality storage to make them really viable.

The nuclear station, I’ve little question, shall be dearer to run than offshore windfarm equivalency.

I’m unable to make numerical comparisons however it appears to me that, opposite to such wild assertions as Dr Dixon’s, it’ll be neither ridiculously costly in contrast with wind energy nor a lot later in supply than its wind energy close to equal.

Dr A McCormick, Terregles, Dumfries

Clark Cross does effectively to put to relaxation the alarmism in opposition to fracking in his letter of 17 September.

Opponents of hydraulic fracturing main on the supposed dangerous chemical substances used. However the excessive strain water and sand combination has just one chemical, polyacrylamide, which makes up 0.05 per cent of the answer.

Polyacrylamide has been declared secure by the Surroundings Company, and can also be used within the manufacture of contact lenses.

We’ll want pure gasoline for many years to come back, so it is sensible to get it from Lancashire and different areas somewhat than import it.

The British Geological Survey has estimated there could also be over two trillion cubic ft of onshore gasoline reserves in Britain.

Reader Steuart Campbell spoiled his constructive case for nuclear electrical energy by offering no verifiable figures to help his conclusions (Letters, September 17).

An important omission was the true value of coping with the nuclear waste that needs to be stored secure for effectively over a thousand years.

As issues now stand no nation has invested a capital sum whose compound curiosity is adequate to keep away from our descendants for the subsequent millennia having to pay taxes to cowl the prices of managing the wastes we created in holding our lights on yesterday and right now.

If Mr Campbell is aware of in any other case, maybe he might share that data with us?

Tim Flinn, Garvald, East Lothian

We came upon on Wednesday night the true mindset of a big part of Celtic supporters in Warsaw.

We came upon on Saturday the mindset of a big part of Dundee United supporters, not a minority as their administration claims.

If Celtic followers need to present allegiance to Eire I perceive that, the historical past of their membership is the clue.

As for the Dundee United followers. that baffles me. No matter the place allegiances lie, to indicate such disrespect and venom in the direction of our Queen is despicable and the boards of each golf equipment ought to set the instance and clamp down.

They know who they offered the tickets to.

King Charles III will be appropriately apolitical, notably non-party political, whereas sustaining his curiosity and work on the worldwide warming emergency.

These with a vested curiosity in framing the local weather emergency as a mere political challenge somewhat than a worldwide existential disaster mustn’t reach silencing the brand new King.

King Charles III’s concern for restoring steadiness inside our dangerously challenged ecological methods is grounded in his data of the land and the soil.

It’s a domestically grounded data that has been affirmed by his intensive travels to each a part of the planet.

It’s as a local weather king that Charles can do most to outline a brand new age and contribute to a greater future for the planet and, satirically, for each the monarchy and capitalism.

Stewart Sweeney, Adelaide, South Australia

I word the SNP’s high financial ‘’guru,’’ Tim Rideout, after completion of his ‘’anti-racism course,’’ is returning to work for the get together.

Having learn a few of his forecasts and statements, I worry there must also have been a obligatory course on primary economics and most of all,one on residing in the true world.

Alexander McKay, Edinburgh

For the reason that Brexit vote in 2016 the worth of the pound in opposition to the US greenback has fallen 28 per cent.

The worth of the pound in opposition to the Euro is eighteen per cent much less since mid-2016; the worth of the pound in opposition to the Canadian greenback is 25 per cent much less since mid-2016.

The next pattern import portions are World Financial institution figures 2019 (46 per cent of meals consumed in Britain is imported):

America promote about $1 billion in meals to the UK.

The eight nations promoting Britain extra meals than the USA does are all within the European Union, beginning with France, which sells $4 billion in meals to the UK.

These figures present a calculated deception and betrayal of the British folks and particularly the poorest.

The worth of the pound lurched downwards as quickly because the 2016 referendum was introduced.

The barrage of deception from wealthy fanatics and richer foreign money traders intensified and was aimed straight in any case knowledgeable voters and people resentful of something overseas.

Britain did precisely what Kremlin strategists have thirsted to see for the reason that Twenties. Britain beggared itself and insulted a European mission of peace, stability and democracy.

The brand new Prime Minister of the UK has unwittingly recognized a approach out of this catastrophe

She guarantees that any constitutional referendum in Scotland should carry a majority of all certified voters to impact any change.

The precept is appropriate for plebiscites actually affecting life and demise, and UK poverty this winter shall be a matter of life and demise, largely because of the general public being misled right into a wasteland.

Let the choice to go away the European Union be annulled until 50 per cent of certified electors affirm it in a brand new referendum.There isn’t a drawback on the European facet. They’ve persistently mentioned they’ll welcome the UK again.

Tim Cox, Bern 6, Switzerland

The most recent information on the NHS Inform web site claims that the SNP have gotten ready occasions for orthopaedic operations right down to a mere 26 weeks.

This determine was attained by way of a brand new technique of counting, which considers solely the median ready occasions of 7564 individuals who really managed to get themselves handled between April and June this 12 months.

The Well being Secretary, Humza Yousaf, anticipated that the “new platform” would “present folks with some reassurance on the doable size of their wait”.

You may simply think about the wave of reassurance sweeping over the 42,372 folks nonetheless on the ready checklist, 12,209 of whom have already been ready for greater than a 12 months!

Not surprisingly the surgeons who’re toiling manfully on the entrance line have labelled the determine as “grossly deceptive”, clearly by omitting to report the ready occasions of these nonetheless on the checklist.

The tens of thousand of sufferers involved shall be discovering the method of ready arduous sufficient with out being fed false hopes and unrealistic expectations.

Colin Hamilton, Edinburgh

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