Almost HALF of Tory voters favour renationalizing Britain’s energy business, according to a poll, but the minister believes they are “probably wrong” and claims that “competition has kept costs low.”
According to a YouGov poll, 47% of Tory voters support renationalizing energy corporations.
A survey illustrates the extent to which households will be affected by rising costs.
Victoria Prentis, a government minister, asserts that public ownership would be “incorrect.”
A recent poll reveals that over half of Tory voters support the renationalization of Britain’s energy industry in response to the rising cost of living.
According to a YouGov survey, 47% of respondents who intend to vote Conservative in the upcoming election support bringing energy corporations back under public control.
This compares to 28% of Conservative voters who oppose renationalization and 25% who are undecided.
In spite of the survey results, however, government minister Victoria Prentis stated today that people who advocate for public ownership of energy corporations are ‘probably’ mistaken.
She argued that restructuring the energy system will not help suffering households this winter, when energy prices are expected to soar.
On October 1st, the annual gas and electricity rates for a typical home would increase to £3,549.
And it is widely anticipated that average bills would go much further in the coming months, with one estimate indicating that they might reach a staggering £7,600 per year beginning in April.
According to a YouGov survey, 47% of respondents who intend to vote Conservative in the upcoming election support bringing energy corporations back under public control.
On October 1st, the annual gas and electricity expenses for a typical home would increase to £3,549.
And it is commonly anticipated that average monthly expenses would increase much further over the next few months.
Upon entering Downing Street, whomever replaces Boris Johnson as Prime Minister – either Liz Truss or Rishi Sunak – will face immense pressure to declare greater support for struggling families.
The YouGov survey shows how severely households will be affected in the coming months.
More over half of respondents (55%) said they planned to reduce the temperature of their heating system or use it for fewer hours than usual this winter.
Twenty-one percent (21%) of respondents anticipated they would not be able to heat their homes except on a limited basis, while 5% anticipated they would not be able to heat their homes at all.
Nearly half (47%) said they anticipated being able to afford the increase in energy prices, but only if they reduced expenditure elsewhere.
One-fourth (24%) of respondents indicated they would be unable to afford the increase in gas and electricity rates, even if they reduced other expenses.
Before the 2019 general election, Labour, under the leadership of Jeremy Corbyn, backed the nationalisation of rail, mail, water, and energy firms.
According to estimates, Labour’s strategy would cost $196 billion.
Sir Keir Starmer, however, has just abandoned the party’s vow to return utilities to public ownership.
He has recommended freezing the energy price cap at its existing, pre-October increase level of £1,971, at an estimated cost of £29 billion.
Government minister Victoria Prentis emphasized that those who advocate for the renationalization of the energy industry are ‘probably’ mistaken.
The YouGov poll conducted for The Times revealed that over four-fifths (79%) of Labour voters presently favour nationalizing energy corporations, while only 6% are opposed.
53% of those who voted Tory in the last general election favour bringing the energy corporations back under public ownership, when the results of the most recent election are considered.
In contrast, 81 percent of Labour voters in 2019 desired the nationalization of electricity and gas companies.
Asked if Tory supporters were ‘wrong’ to embrace the renationalization of energy corporations, Ms. Prentis, who supports Mr. Sunak in the Tory leadership campaign, said this morning on Sky News:
I believe they likely are.
‘It is evidently a challenging time for everyone as they consider rising energy costs and ponder “how should our country and government respond to these increases?”
Over the years, we have observed that market competition has kept energy prices low.
‘However, a price cap and nationalization cannot make people’s gas bills cheaper than the wholesale price.
‘Therefore, I do not believe that modifying the structure of our system would be particularly beneficial.
“As a government, we must now ensure that we step up and support families, especially the most disadvantaged households, during this winter’s energy bill crisis.”
I’m concerned, however, that Vladimir Putin ought to be held accountable. These expenses are increasing due to the war.