This is government gaslighting to a high degree.
1. It’s not a new announcement. The Norfolk East and West offshore wind projects were announced earlier this year as part of the AR7 round of contracts.
2. No way does it bring down prices. Those behind it, energy giant RWE + global investors KKR, were guaranteed an above-market strike price of £91.20/MWh based on 2024 prices — indexed linked for 20 years. That guarantee is already worth £97/MWh in 2026. This is v expensive energy.
3. What is new is that the costs of developing offshore wind have soared. So the government has now had to chip in £1 billion of the £12 billion investment needed from the National Wealth [Destruction] Fund. So more state subsidy on top of the massive subsidies for two foreign companies implicit in the price guarantees embedded in AR7.
4. Far from cheaper electricity this embeds high-cost electricity in the system for 20 years.
5. So much for the Chancellor’s Budget pledge to ‘only build new projects when they lower prices’. This does the opposite — and at enormous expense to the taxpayer and electricity user.
Gaslighting indeed.
@StevenScrase This is the truth @UKLabour and their lobbyists don't want you to know. They've built Net Zero on a bedrock of environmental and economical lies and think people won't notice. It's why they hate social media because they can't control the narrative like they do with the MSM.
@AllisonPearson https://t.co/UpkCXzfdYv
This post cuts through the @UKLabour spin and explains where the money is going and the cost to UK bill payers.
Look no further than Sophy Ridge’s post this morning to see how easily the Westminster lobby is taken for a ride on Net Zero. Sky’s lead presenter breathlessly announces £12bn for two offshore wind projects "off the east coast of Scotland". They aren’t in Scotland. They are Norfolk Vanguard East and West—50km off East Anglia. No 10 slipped "Scotland" into a press release, and the lobby typed it out without checking a map.
If they won’t check which country a £12bn project is in, they certainly won’t check the balance sheet.
Strip away the slogans from Ed Miliband’s zealots and look at the financial engineering. We are told this is "homegrown British energy." In reality, it is a 50:50 joint venture between German giant RWE and New York private equity firm KKR. Taxpayers are handing over £1bn from the National Wealth Fund to de-risk their equity, while locking households into a 20-year inflation-linked Contract for Difference at £91.20/MWh in 2024 prices—well over £100/MWh today. For two decades, your energy bill will legally underwrite the guaranteed yield of a Wall Street fund.
Where do the industrial jobs go? Not here. The 184 turbines come from Denmark’s Vestas, backed by Danish export finance. Worse, the steel monopile foundations were promised to the SeAH factory at Teesworks in Redcar. In April, RWE pulled the plug on the Teesside contract for Vanguard West—triggering North East job cuts—and outsourced fabrication to Bilbao in Spain and Nordenham in Germany, underwritten by German export agency Euler Hermes. British taxpayers put up the £1bn subsidy; German and Spanish factories get the heavy engineering.
Then look at the environmental reality Net Zero ideologues ignore. Building 184 15MW turbines requires over 400,000 tonnes of virgin blast-furnace steel, thousands of tonnes of copper, and Chinese rare-earth neodymium and dysprosium mined in toxic conditions. To connect it, developers are using compulsory purchase powers to rip a 60km, 45m-wide trench—wider than a motorway—through prime Norfolk farmland from Happisburgh to Necton, pouring tens of thousands of tonnes of concrete into 150 jointing bays and a 300m converter substation.
Before a single blade turns, the embedded carbon from smelting steel, curing concrete, and running diesel jack-up vessels across the North Sea is vast. The switchgear relies on sulphur hexafluoride (SF6)—a gas 23,500 times more potent than CO2 that lingers for 3,200 years. And when these turbines hit the end of their 20-year subsidy life? We are left with 552 epoxy-resin blades, each 115m long, which cannot be economically recycled at scale and end up shredded, incinerated, or buried in landfill, while 400,000 tonnes of rusting steel stay driven into the seabed.
Yet Kemi Badenoch and the Tories now tour studios calling Net Zero "fantasy politics," hoping we have amnesia. Look at her record:
In June 2019, she waved through Theresa May’s statutory Net Zero 2050 target in 90 minutes without objection.
In 2022, she boasted at the dispatch box that Net Zero would cost "under 2% of GDP."
She sat in the Cabinet that passed the Energy Act 2023, expanding the exact CfD subsidy racket behind this £12bn RWE/KKR stitch-up.
The uniparty built this machine together, mortgaging our industrial base to foreign utilities and private equity, giving Britain the highest industrial electricity prices in the developed world while paying gas stations to sit on standby when wind drops to 4%.
Only Reform UK—led by Nigel Farage and Richard Tice—will rip up the Net Zero mandates, scrap the CfD racket, fast-track domestic North Sea oil, gas, and modular nuclear, and stop treating British billpayers as a cash cow for global finance.
@SimonDanczuk There's a wider question here over how many victims have been silenced by gagging orders. Are injunctions being used to protect the guilty? How many in public and political life use Super Injunctions to stop their misdemeanours coming out, and why do politicians allow it?
@GoodwinMJ The Remainers produced a poll of their own people and used it to justify rejoining. Labour think the voters won't notice. They're about to get a huge shock and the EU will yet again be pulled into unwanted disruption and next time it'll be a no deal break.
@ArchRose90 Isn't that what Labour do? They got extremely angry with anyone calling out the grooming gangs after all rather than do anything about the perpetrators.
@DPJHodges@UKLabour's EU obsession is going to mean even higher costs for more businesses, which will lead to more closures, job losses and reduced growth. Ideologically driven and completely owned by Labour at the next election.
For the many UK politicians @UKLabour and journalists @BBC who don't know anything about UK trade, here are the highlights:
1. The UK is now predominantly a service exporter. 57% of UK exports are services, which are not affected by EU 'red tape'.
2. UK goods exports have dropped from almost 70% of our total exports in 1997 to just 43% in 2025. This trend began long before Brexit and is tied to Net Zero mandates, high UK energy prices, and EV mandates.
3. Machinery and transport goods, such as cars and aircraft parts, are 42% of all UK goods exports. This is by far the UK's largest export sector, although it is also falling. It was 50% of UK exports in 2000. But if the UK joins the EU's CBAM, companies in this sector will see their imported material costs rise, making their exports even less competitive.
4. Chemicals are the UK's second-largest export sector. They account for 19% of UK goods exports, but this share is shrinking due to UK and EU energy costs and Net Zero regulations. These will increase if the UK joins the EU ETS.
5. Miscellaneous Manufactures account for 11% of UK goods exports. This is still the UK's third-largest export sector, even though it includes many goods the UK no longer makes because of our high Carbon taxes, which will increase if the UK signs up to the EU's even higher ETS on November 20th.
6. Fuels account for 9% of UK exports. This is still the UK's 4th largest goods export sector, even though the current and previous governments are/were trying to destroy it with bans on new exploration and ultra-high taxes.
7. Material Manufactures account for 8% of UK goods exports. This sector includes iron, steel, aluminium, ceramics, and glass manufacturing - industries that have gone, or are going, out of business in the UK because of high UK energy costs, which will rise if the UK joins the EU ETS.
8. These five sectors make up almost 90% of UK exports. The other 5 industry sectors are insignificant. But the government and our journalists think the UK is New Zealand and that the only goods we export are food and live animals to the EU. We don't! UK food and live animal exports to the EU were just 1.3% of the UK's total exports.
9. The government is about to sacrifice all of the export industries listed above to slightly reduce the IMPORT costs of a handful of Supermarkets, at least two of which are privately owned German companies.
These savings will not be passed on to UK shoppers because the government has also increased wages again, and supermarket energy costs will increase if we join the EU's ETS.
10. UK exports of food and live animals will not increase because we are paying farmers to not produce them, this has nothing to do with EU red tape. Instead we are paying farmers to plant trees and wildflowers or plaster their farmland with solar panels. (54% of UK electricity is coming from gas today, 12% from solar and 3% from wind.)
11. Write to your MP and tell him to #StoptheReset.
If you don't stop this, don't complain when all of our goods export industries have closed because of EU higher carbon taxes, EU higher carbon import tariffs, and the cost of complying with the EU's new packaging and process regulations.
@Benleo The social fabric of Britain has been ripped apart by politicians determined to facilitate out of control immigration. Who does @UKLabour think they're going to get to fight for the country when they talk about conscription?
@LeoKearse Studied neutrality from the @BBC ! The same BBC with embedded Civil Servants vetting the news at a time when Labour have legislated what people can and can't see in the news! FFS even Pravda wouldn't have the brass neck too use a phrase like studied neutrality.
@LeoKearse No need to worry, after years of lowering standards, underfunding, and adopting woke identity politics ideology the Governments military conscription drive really will put fear into the hearts of any enemy.
@GoodwinMJ Constantly increasing taxes and the inevitable introduction of AI will destroy jobs and all while the Gov increases the numbers dependents on Welfare. At some point millions are going to have to lose out on state Benefits because there's not enough tax to pay for them.
@tomhfh Schools and universities are now being used to radicalise youngsters into extreme intolerant views. Gone are the days of debate and reasoning. Opposing views are now met with hatred and violence.
@DPJHodges You should be more concerned with the huge black hole @UKLabour have created in the economy. The Budget was built around Rosebank being approved but the backbenchers and the threat of the Greens means that's unlikely. So where's the money coming from?
@SuellaBraverman The Left are driven by the politics of envy. They constantly target 'the rich' and even when they themselves are paid or worth more than 95 percent of the population they still don't consider themselves to be 'the rich' who are to be used as the justification for yet more taxes.
@Benleo Arguably so much of today's migration crisis is a result of the disintegration of stability in the Middle East caused by New Labour's foray into Iraq justified of course by the dodgy dossier.
@GBPolitcs So who in the @LibDems made the accusation? Was it @CarolineVoaden? Trust, respect and faith in our politicians is in free fall and is it any wonder when we see such pathetic and deceitful attempts to smear someone with obvious false accusations.