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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.

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.

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