Should borrow to help people today and pay it back long term with a levy on energy bills once things settle down or we have cheaper renewable energy production.
High energy costs not only cause people a lot of harm and distress to those on lower incomes but its going to tank the economy with people cutting back on their spending. Friends who I'd class as being pretty well off and never really been bothered about spending are now talking about cutting back this year, so its going to impact a lot of businesses.
This is the issue when gov always say 'we will pay it back next year'
Way the world is there's always an unexpected cost. Pandemic, now gas prices (food and everything really).
Those good times don't really seem real.
But what other option do they have? Apart from more debt?
We are on the decline for sure. I guess we just have to get used to more debt thus less cash for big projects?
I hate the waste that governments cause each year. From Hs2, to dogdy deals around covid ppe, etc etc. If we wanted less that would help.