Subsidise the price of labour, not the price of energy

David Simpson; N. Fraser

Subsidise the price of labour, not the price of energy

David Simpson, N. Fraser (Editor)

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Abstract

Amongst the items which featured in this year's Budget, announced on 9 March, was a so-called "Industrial Energy Package". This contained proposals for paying subsidies to "larger industrial users" of gas and electricity. Together with similar measures announced in last year's Budget, these arrangements will benefit the firms concerned, (whose identify remains undisclosed) to the extent of £250 million. It is difficult to think of any justification for the payment of these subsidies and this brief economic perspective attempts to question the merits of such a subsidy.

Original language	English
Pages (from-to)	36-37
Number of pages	2
Journal	Quarterly Economic Commentary
Volume	7
Issue number	4
Publication status	Published - May 1982
Externally published	Yes

Keywords

energy subsidies
industrial production costs
economic policy

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Cite this

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title = "Subsidise the price of labour, not the price of energy",

abstract = "Amongst the items which featured in this year's Budget, announced on 9 March, was a so-called {"}Industrial Energy Package{"}. This contained proposals for paying subsidies to {"}larger industrial users{"} of gas and electricity. Together with similar measures announced in last year's Budget, these arrangements will benefit the firms concerned, (whose identify remains undisclosed) to the extent of £250 million. It is difficult to think of any justification for the payment of these subsidies and this brief economic perspective attempts to question the merits of such a subsidy.",

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AB - Amongst the items which featured in this year's Budget, announced on 9 March, was a so-called "Industrial Energy Package". This contained proposals for paying subsidies to "larger industrial users" of gas and electricity. Together with similar measures announced in last year's Budget, these arrangements will benefit the firms concerned, (whose identify remains undisclosed) to the extent of £250 million. It is difficult to think of any justification for the payment of these subsidies and this brief economic perspective attempts to question the merits of such a subsidy.

KW - energy subsidies

KW - industrial production costs

KW - economic policy

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UR - http://www.strath.ac.uk/fraser/

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JF - Quarterly Economic Commentary

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ER -

Subsidise the price of labour, not the price of energy

Abstract

Keywords

UN SDGs

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