Already have an account? log in
This article is FREE for you
Create a free account and join institutional investors, analysts and strategists from the world's largest banks
By submitting your email address you agree to receive communication by email
UK Inflation Nightmare Rolls On, But Truss Blunts Worst-Case
Inflation moderated in the UK last month.
Not that it matters. It's small comfort to households, an
OR, subscribe now for unlimited access
By submitting your email address you agree to receive communication by email
By submitting your email address you agree to receive communication by email
Intervention made sense. The method was far from optimal since it did not encourage conservation. A better and more fair plan would have been to cap energy costs for 75% of prior year’s consumption and to give British citizens a tax credits/or payments if their income fell below a certain level. That way everyone would benefit some, and conservation would be encouraged. Of course helping low and moderate income folks more is an anethma to Tories/Republicans. Still half a loaf better than none.
You could try something similar for corporate customers- maybe 80% for a year instead of 100% for 6 months.