One subsidy leads to another. One windfall tax soon becomes several permanent tax rises on overtaxed energy. One price distortion tempts Regulators to do more. Instead of pursuing the three aims of security of supply, affordable power, and environmen… read more
When we had many nationalised industries they dominated public accounts and caused some of the overspending and over borrowing that damaged the Labour government of 1974-9. Nationalised industries sacked a lot of employees, over charged customers and … read more
The Telegraph amended this and added a headline without my consent. The vast ambition of the net zero policies envisages most people switching their heating to electricity, their travel to bicycles and electric cars, and their diets to vegetarian o… read more
The two best arguments against nationalisation today are the Post Office and the nationalised rail companies Network Rail and HS 2. Both of these have lost taxpayers a fortune. Both have failed to deliver good service and to achieve the aims set for … read more
There are 3 ways forward for a company like Thames Water. There can be a deal between Regulator and the current shareholders and management agreeing an affordable investment programme and realistic customer charges for the task. There could be a move… read more