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Rachel Reeves moans about money but Keir Starmer lets one major UK asset rot

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The UK government is facing criticism for its decision to cut winter fuel payments for pensioners, leaving many elderly citizens struggling to stay warm during the winter. According to Age UK, three out of four older people are living in uncomfortably cold homes, with nine million at risk of cold-related illnesses.

The charity delivered a petition with 650,000 signatures to Downing Street, calling for the reinstatement of these payments. However, the root of the problem lies in the high cost of energy in the UK, which has been exacerbated by the government’s focus on net zero policies and reluctance to tap into domestic energy resources.

Recently, a significant natural gas discovery was made beneath Lincolnshire, estimated to contain ten years’ worth of supply. This could potentially lower energy bills, reduce reliance on foreign imports, and create thousands of jobs. However, Energy Secretary Ed Miliband’s commitment to net zero targets has blocked efforts to exploit this resource. Critics argue that the government’s ideological opposition to fracking and fossil fuels is misguided, especially when the UK faces a looming energy shortfall. Even the Climate Change Committee has warned of a trillion cubic metre gas deficit by 2050, making the Lincolnshire discovery a potential game-changer.

Fracking, a method of extracting shale gas, has been demonized by opponents who claim it causes earthquakes. However, experts argue that modern extraction techniques have minimized these risks, and the environmental impact of fracking is far less damaging than covering the countryside with wind farms and solar panels. Sir Jim Ratcliffe, a prominent industrialist, has even offered to demonstrate safer fracking methods for free, but the government has shown no interest.

Miliband’s promises that renewable energy would lower household bills by £300 have also fallen flat. The reality is that transitioning to renewables requires a massive investment in infrastructure, including £60 billion to upgrade the National Grid and build thousands of miles of power lines. Additionally, renewables alone cannot provide a reliable energy supply, as they depend on weather conditions. This has led to calls for a more balanced energy strategy that includes traditional sources like natural gas.

Critics argue that the government’s climate change policies are driven more by ideology than practicality. The UK contributes less than 1% of global carbon emissions, yet its aggressive net zero targets are making energy more expensive and less reliable. This, in turn, is stifling economic growth and making the country less competitive. High energy costs are driving away foreign investment, particularly in power-intensive industries like AI, and leaving households struggling to pay their bills.

The decision to cut winter fuel payments is seen as a direct result of these misguided policies. Instead of taking money away from vulnerable pensioners, the government could lower energy costs by tapping into domestic resources like the Lincolnshire gas field. This would not only help households but also boost the economy and create jobs.

In summary, the government’s refusal to exploit the UK’s natural energy resources is causing unnecessary hardship for millions of people. By prioritizing ideology over practicality, they are making the country poorer and colder. It’s time for a more balanced approach that ensures energy security, affordability, and economic growth while still addressing environmental concerns.