In the News
Energy Price Crisis - Is there a case for government subsidy of energy intensive industries?
Graham Watson
14th August 2022
It's interesting to see the government has drawn up plans to subsidise energy for energy-intensive businesses.
It is something that has been on the cards for a while, and has high opportunity cost.
However, there are also distributional issues - who decides which industries are entitled to the subsidies or not? The risks of government failure are apparent.
High energy usage firms in UK may get subsidies amid soaring costs https://t.co/eODzgeYrVi
— The Guardian (@guardian) August 12, 2022
Graham Watson
Graham Watson has taught Economics for over twenty years. He contributes to tutor2u, reads voraciously and is interested in all aspects of Teaching and Learning.
You might also like
Privatisation
Study Notes
Protectionism - Export Subsidies
Study Notes
Ofwat and Regulatory Failure
13th January 2016
Indirect Taxes and Economic Welfare (MCQ Revision Questions)
Practice Exam Questions
