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.
|Number of pages||2|
|Journal||Quarterly Economic Commentary|
|Publication status||Published - May 1982|
- energy subsidies
- industrial production costs
- economic policy