UK slashes Net Zero taxes on gas guzzling industries to stop the collapse of British Industry
By Jo Nova
That didn’t take long?
It feels like Net Zero is undergoing a rapid unscheduled disassembly.
Two months ago the UK Prime Minster was going gangbusters. He told the world Britain would go “all out”to accelerate Net Zero, to bolster energy security and weather control, because “it’s in the DNA of my government”. This week, the same Prime Minister says he will save factories by cutting power bills for more than 7,000 of the most energy-intensive businesses “by up to 25%” by slashing net zero charges. So the companies that produce the most CO2 will be excused, because they will go out of business, but the rest of the UK can pay even more, because they aren’t going broke yet.
Speaking of which, industry groups warned a few weeks ago that high electricity costs threatened UK Manufacturing. And five days ago the largest fibreglass factory in the UK announced it would close because of the high electricity prices.
It makes no sense to pretend that a Net Zero economy is a goal to aim for while exempting the highest emitters. Does CO2 matter or doesn’t it? Obviously Net Zero is just the moveable excuse to make the taxes as high as “whatever the market will bear”. Tax ’em til they scream?
The Telegraph team report that UK business pay an eye-watering £258 per MWh in 2023, “compared to £218 in Italy, £178 in France and £177 in Germany”. Companies in the US paid just £65. Wow. But Australian brown coal still bids and wins wholesale electricity auctions in Australia for £5 or £10 a MWh. If the UK invaded Australia (it wouldn’t be hard, just avoid the Virgin flight paths) they could set up a factory next to Loy Yang, and could get the cheapest electricity in the developed world.
https://joannenova.com.au/2025/06/uk-slashes-net-zero-taxes-on-gas-guzzling-industries-to-stop-the-collapse-of-british-industry/
