Not just basically correct, correct. The UK's tax on oil and gas companies determines their after tax profit on UK operations but has no influence on the market price of oil and gas. Anyone desc… (View Post)

You can't charge a higher price in the oil market, it's one of the few examples of a perfect market, producers are price-takers unless they band together like OPEC but even then they are sh… (View Post)

Not sure he'd have been worse than Starmer on triangulation but the Glasman "Blue" Labour influence was strong under Milliband as well, so it seems quite likely they'd have made s… (View Post)

They ignored trusted suppliers who had stock they could supply, the MD of ARCO was interviewed in the ITV doc, he said on the record that they were ignored by Ministers and resorted to supplying dire… (View Post)

Their first act of the COVID crisis was to tie suspension of procurement procedures to the emergency measures bill. They then proceeded to ignore experienced suppliers in favour of their spiv mates, … (View Post)