Subsidise the price of labour, not the price of energy

David Simpson, N. Fraser (Editor)

Research output: Contribution to journalArticle

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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 languageEnglish
Pages (from-to)36-37
Number of pages2
JournalQuarterly Economic Commentary
Issue number4
Publication statusPublished - May 1982
Externally publishedYes


  • energy subsidies
  • industrial production costs
  • economic policy


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