Quotulatiousness

June 28, 2019

What does £1 trillion buy you?

Not much, apparently:

Tory MPs have been told by CCHQ to share this graphic boasting about their new commitment to make the UK carbon-neutral by 2050. No other major country has committed to the pledge although Theresa May is planning a desperate attempt at the G20 to talk other leaders into it. The fact that developed countries going ‘net zero’ simply means they’ll outsource all their emissions to the developing world instead seems to be completely lost on her…

The pledge will cost the UK at least £1 trillion, much of which will be borne by individuals and businesses rather than the exchequer, we don’t know the true cost as May hasn’t even done a proper Treasury analysis. Eco-fanatics love to talk about the burden this generation is placing on children and grandchildren. For a fleeting PR stunt Tory MPs are being told to boast about piling on mountains of economic harm for future generations by a leader who won’t be in office to deal with the consequences…

This is exactly the sort of virtue signalling that Justin Trudeau indulges in … I imagine he’s quite miffed that Theresa May got there first.

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