Rob Froome retweeted
🚨Sneaked out by OFGEM this morning, a warning for the first time EVER they cannot guarantee that demand will be met on a peak day in winter.
Let’s be clear what that means. They cannot guarantee that homes will be warm, lights come on or industry function on a peak day this winter.
And why? Because of an accelerated decline in domestic gas supply from the North Sea.
So what is the solution? For British bill payers to pay more, to IMPORT more from Europe (specifically Belgium) to keep the lights on in Britain.
Britain. A country with vast supplies of gas, untapped, deliberately due to Labour policy now going cap in hand to Europe and paying vast sums to import foreign gas.
It is utterly outrageous. You couldn’t make it up.
ofgem.gov.uk/sites/default/f…
Rob Froome retweeted
Replying to @pippaheylings
Increasing domestic gas production WOULD lower UK gas prices
Prices are set using marginal pricing
UKCS gas is obviously cheaper than LNG imports
More UKCS gas means the most expensive LNG cargoes are displaced which means the marginal source of supply is cheaper
Which means the gas price is cheaper
Jackdaw alone could displace price setting LNG for between 2 and 4 months of the year which would be a bigger reduction than simply removing the most expensive LNG
My report sets out the mechanism of price formation from first principles... You should read it
watt-logic.com/wp-content/up…
Rob Froome retweeted
A week before the first Burnham-Healey Budget and the UK inflation rose to 3.5% in the year to September, from 3.1% for the year to August. Third successive increase.
Two takeaways:
It’s heading towards 4%.
Interest rates will continue to rise and remain elevated for the foreseeable future.
Rob Froome retweeted
Exactly as I have been saying!
IMF: Healey should cut welfare spending instead of taxing banks
telegraph.co.uk/business/202…
Rob Froome retweeted
Labour still haven’t learnt that taxes have consequences. John Healey and Andy Burnham need to learn quickly.
Rachel Reeves thought her jobs tax would be paid by businesses. Instead, workers paid the price through job losses and smaller pay rises.
Now Labour want to tax the banks because it looks like an easy way to raise money, doesn’t it?
But banks lend money to people buying homes and businesses creating jobs. Millions of people’s pensions are invested in them too.
Higher taxes mean a smaller pension for you, less lending and less investment, meaning fewer jobs and ordinary people paying the price again.
Labour can’t act shocked when this happens - they have been warned.
Rob Froome retweeted
These girls are absolute heroines standing up for women's and girls' rights. All credit to them.
If only more adults had the courage to do the same.
Tonight in Washington state, nearly half the Camas High School girls cross country team refused to compete against a boy on their own team.
He switched from the boys' team just one month ago.
Now he's placing in every meet.
Courage always wins.
@xx_xyathletics
Footage: @KnownHeretic
Rob Froome retweeted
There’s a lot of self-serving spin emanating from the UK government about how virtuous it is re fiscal consolidation.
Here are the facts.
Labour inherited an OBR budget deficit forecast of £87bn (3.1% GDP) for FY2024/25. After R Reeves’ 1st disastrous budget the actual deficit was £153bn (5.2%). Massive jump.
Labour inherited OBR budget deficit of £77bn (2.7%) for FY2025/26. After RR’s disastrous 2nd budget that turned out to be £133bn (4.3%).
So in its first two years it added over £120bn to borrowing/deficit (despite huge increase in taxes).
The OBR forecast it inherited for this FY2026/27 was £69bn (2.3%). It is now forecast to be £116bn (3.3%). That looks like an underestimate. More likely to be closer to £130bn again.
Inherited budget forecast for 2027/28: £51bn (1.6%). Latest forecast: £97bn (2.9%).
Inherited budget forecast for 2028/29: £39bn (1.2%). Latest forecast: £86bn (2.5%).
Far from fiscal consolidation Labour is forecast to borrow an incredible £260bn more over the 5 years from 2024/25 than the forecasts it inherited. Despite the tax rises.
Which will continue. Alone among G7 countries the IMF projects the UK tax burden to rise by 3.7% of GDP 2025-31. The only other country with a rising tax burden is France (0.8%). Italy is static. Rest of G7 have falling tax burden.
And let’s not forget Labour’s so-called ‘fiscal consolidation’ is all backloaded to end-decade. Unlikely to happen. So taxes will have to rise by even more.
Rob Froome retweeted
🚨NEW: Labour is raising taxes at the fastest pace of any Western country, according to the International Monetary Fund
Raids on households and businesses will push Britain’s tax burden to a peacetime high of 41.9% of GDP by the start of next year
Rob Froome retweeted
UK 30Y gilt yield surges past 6%. The bond market is giving its verdict on Western economies in general and Labour's economic mismanagement in particular. Something is going to break soon.
Rob Froome retweeted
🚨 NEW: Rachel Reeves has been voted the worst Chancellor in recent history in a poll by AJ Bell
Britain loses over half its billionaire wealth in two years bit.ly/4AMeQj8
Rob Froome retweeted
🚨 BREAKING: Britain’s second richest billionaire, David Reuben, is the latest major net taxpayer to leave the UK.
He is worth around £28bn.
That means even more pressure on working families to pay for Britain’s ever-expanding welfare bill.
thetimes.com/uk/politics/art…
Rob Froome retweeted
Dear Andy, you do know this is untrue, don’t you?
Highest energy bills in the world are due to:
* Reckless pursuit of net zero
* Blowing up our coal-fired power stations
* Failing to exploit our own fossil fuels
* Insane dependency on foreign oil and gas. The phrase “over a barrel” springs to mind
* Paying Norway £20 billion plus a year for oil and gas we could get out of our own North Sea
* Subsidizing renewables to the tune of billions by slapping green taxes on bills
* Putting an eco-cult and leftist ideology before the comfort and warmth of the British people
* Allowing good jobs to be lost in pursuit of all of the above
* Claiming your government wants to “reindustrialise” while creating conditions no manufacturer could succeed in
* Closing refineries and gas storage so the UK is uniquely vulnerable this winter and likely to have serious power cuts.
You’re welcome.
@andyburnham
I want to be honest about how we’ve got to a place where British billpayers are paying some of the highest energy costs in Europe.
Over the past 40 years, we’ve given up control of our necessities, outsourced our essentials and privatised the basics. Water, transport, housing. And of course, energy.
Now the public are paying the price. We haven’t invested in the infrastructure we need. Conflict overseas has pushed up energy costs and it’s hurting our businesses and families.
That’s why we need to take back greater control of our energy system.
This week, I announced Great British Grid, which will speed up connections and push down bills.
We’re also giving mayors, local leaders and communities a stronger role. With funding for People’s Power projects, communities will be able to build solar panels on libraries and town halls, hydro schemes in rivers or publicly owned windfarms on local land.
But it’s not just energy we need stronger public control over. It’s also water, housing, transport and care.
So we’re repealing the ban on public ownership of water companies. We’re building more council homes than this country has seen since the end of World War Two.
We’re reforming the leasehold system so families aren’t squeezed for every penny. And we’re opening up home ownership for first time buyers who can’t rely on the bank of mum and dad.
This week I also announced my determination to introduce a National Care Service, to put people above profit and to give pensioners peace of mind.
Together, we’ll rewire the country from top to bottom so that it works for all people in all places.
That is the only way to put Britain back on the right path. It’s the only way to put power back in people’s hands. And it’s the only way we will bring hope again.
Rob Froome retweeted
Here are two career politicians who have never built a business that had to survive on its own. Their entire adult lives have been spent inside politics - drawing salaries, climbing political ladders, and spending other people’s money - without ever running a business, making a payroll, or answering to a customer who could simply walk away.
Rob Froome retweeted
Grangemouth and Lindsey refineries closed on Miliband's watch because of Miliband's policies and now he's calling for maximum refinery production. 🤡🌎
Today @G7 members have agreed coordinated measures to stabilise energy supplies, build resilience in supply chains and shield households and businesses from price shocks.
We agreed to:
- Release strategic reserves of 100m barrels, coordinated by the IEA
- Maximise global refinery production
- A joint commitment to refrain from export restrictions between G7 countries.
- Calling for the immediate and full restoration of navigational rights and principles in the Strait of Hormuz
Full statement below 👇
gov.uk/government/news/g7-le…
Rob Froome retweeted
BREAKING: The UK’s 30Y Government Bond yield rises to 6.02%, its highest level since January 1997.
That’s a total of +564 basis points since the low seen in 2020.
Rob Froome retweeted
UK 10Y yield not taking kindly to Burnham's conference speech. Another multi-year high today.
Rob Froome retweeted
Taking money from pensioners, savers and workers and giving it to benefit claimants and migrants - Labour, 2026.
New leader, same old Labour. We need to vote them out!





























