[email protected]: Vince Cable – Oil – the next shock waiting in the pipeline

Over at the Daily Mail, Lib Dem deputy leader Vince Cable examines how to cope with another surge in oil prices, during a time of recession and rising unemployment. Here’s his conclusion:

It is more obvious than ever that the future lies with fuel-efficient and low-carbon cars. Those who are able to switch now will save a lot of money. The Government should therefore be more intelligent when it comes to helping the car industry.

Labour’s scrappage scheme for old bangers is largely a waste of taxpayers’ money. It would be more useful to concentrate on swaps for the new generation of hybrid cars or others offering economical mileage or new British technology.

Last week, I criticised Lord Mandelson’s offer to underwrite a deal ‘saving’ Vauxhall, which risks becoming a handout to Russian billionaires. Help for new technology for the whole UK car industry to get greener would make far more sense than a dodgy deal with Deripaska.

Long-term thinking is difficult in the current political crisis, when most politicians are obsessed by tomorrow’s headlines, our Prime Minister is powerless and he clearly has no confidence in his Chancellor.

But our future as a country depends much more on our ability to plan ahead for the next oil shock and the post-oil world.

You can read the article in full HERE.

PS: Lib Dem Voice extends its best wishes for a speedy recovery to Vince, who is currently recovering from surgery, having been rushed to hospital with appendicitis last week.

Read more by or more about , or .
This entry was posted in LibLink.

Post a Comment

Lib Dem Voice welcomes comments from everyone but we ask you to be polite, to be on topic and to be who you say you are. You can read our comments policy in full here. Please respect it and all readers of the site.

To have your photo next to your comment please signup your email address with Gravatar.

Your email is never published. Required fields are marked *

Please complete the name of this site, Liberal Democrat ...?


Recent Comments

  • James Brough
    Excellent article. As Mary says, it's just a shame that it needed to be written. Somehow, it seems to have become a worse crime to accuse someone of intolerance...
  • Jennie (she/her)
    ... don't even get me started on supermarket shelves being designed around the 5'8" average male body when I am 5' and quarter of an inch... Most humans of w...
  • Jacci stoyle
    I thought this was an excellent article, brilliantly written and extremely interesting. I also read Invisible Women and was shocked at just how much of women's ...
  • Christopher Stafford
    I think it is wrong to assume that defenders of free-speech are secretly concerned with the promotion of one agenda. This is the party of Mill- that man who mad...
  • Jenny Hazell
    I wonder if the author could give some examples of the sort of speech he thinks needs to be shut down. People who say " how revolting they find LGBT+ people (pa...