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To: The Rt Hon Greg Hands MP, Rt Hon Elizabeth Truss MP
Energy Referendum
Energy prices have soared exponentially. People up and down the country are going to be forced to choose between eating and heating and there will be many deaths and hospitalisations.
The government's plan is to freeze the energy price cap at the cost of £100b which will eventually come back to the taxpayer.
Nationalisation of our energy would cost just £3b meaning that we would spend far less and end up with cheaper utilities.
The only people that will benefit from the price freeze in the long run, is the big energy companies who have already seen record profits.
This is a major financial decision that will be made and it will affect the majority, not the minority.
So I feel a referendum should be held and people get to choose whether we pay the £100b back to keep the big energy companies in profit or if we pay £3b and nationalise them. Let us decide!
Why is this important?
Although a freeze on energy prices might initially sound good, these prices are already extortionately high and although it will stop them rising further for the next 2 years, we will still end up paying back that £100b (£100,000,000,000) so it will still affect us all in the long run. Nationalisation would cost £3b (£3,000,000,000) which would be a lot less to pay back and would mean we ended up with cheaper utility bills in the long run. Plus profits would go back to the country helping the many things that we need help with such as hospitals, schools, policing etc.
The £100b (or £3b) will be in the form of a loan that will need to be paid back, and it is us, the average person, that will be paying it back, so we should get a say on what we do.
