I think you also need to consider the base motivation behind making a statement like ‘if we are penalised, infrastructure investment will have to suffer’. It isn’t a credible threat; it’s just an attempt to save face. The energy companies would say that purely because they need to offer some kind of robust response that casts doubt on political decision making, even if it isn’t really grounded in truth. This kind of statement is in the same class as ‘If bank bonuses are restricted, all the talent will leave’. It is part of the cut and thrust of political discourse. As you know, you and I don’t share your degree of scepticism about these things; I tend to view a statement like that simply the predictable response to being held to account, and nothing more. Even if you think about the substance of the statement, it isn’t feasible for an energy company in Britain to decide to deliberately withhold investment because if there were issues with supply resulting from a company making good on such a threat, customers would leave and go to one of the other suppliers, and shareholders would revolt. More broadly, the government would be obliged and probably pressured politically to make sure that none of the ‘big six’ could neglect infrastructure to the degree implied by the statement because the blame out would inevitably come back to the weakness of the government itself.
Of course there will always be corruption. You try living in India, Brazil, Russia or even China, takes corruption to a whole new level. Despite all the goings on people trust our system a lot more relative to other countries hence our FDI.
http://www.bbc.co.uk/programmes/b03yqj3f . a very interesting programme , todays programme (on now) is more on politicians and how friendship has played its part ,, Adam Smith others are mentioned , very good listening . today and previous
yes RIP Tony , his last journey .Westminster will say goodbye to Tony Benn today at a funeral service yards from the House of Commons where he spent a career spanning more than 50 years. THANK YOU Tony I say , he was a good egg and did some good thing in his time .
speaking of energy , just on radio4 , the energy companies are now threatening that investment and upkeep are in danger now , gas supply etc , in other words , watch what your doing or else . who runs the country ? corporations or our so called government ? if going to private school then top educational institutes means you have no backbone and have a double standard mentality then no thanks , funny its ok for the million/billionaires from foreign countries come buy homes here and " work / set up "businesses" yet if they are here to try get work at a lower level they are seen as spongers and after a easy ride ? . yet most of there family are immigrants to this country ? I care not who makes the law if I have control of there money N. ROTHCHILDS . need I say more . too many are listening and have been listening to the BS spouted by our mainstream media and Politicians . watch out the lights are warned to go out AGAIN
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