Soaring prices have again reignited one of the long-running debates in British politics: should the energy companies be re-nationalised? The Trades Union Congress (TUC) certainly seem to think so, having produced a pithy film which purportedly compares the two sectors in the UK and France. It features a rather baffled looking Brit and a smug looking French girl.
The former claims ‘in Britain, billions in profits go to private energy companies’; the latter that ‘in France, the profits go back to EDF, which is publicly owned by the French people so the profits go back to us and keep the bills lower.’ They contrast the 54 per cent increase in bills in the UK this spring with the 4 per cent with that in France. On this basis, it is argued, Britain should re-nationalise the energy sector to pass such ‘profits’ back to the people.
Yet this comparison with the French system does not in fact tell the full story.
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