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UK energy crisis - should the Government cut green taxes?

Graham Watson

2nd January 2022

The UK energy crisis rumbles on. A number of Conservative MPs have written to the PM to ask for action to lower energy bills - possibly by lowering environmental taxes.

Which is all well and good, but it takes policy into the realm of the 'ad hoc' and we all know that uncertainty makes markets less efficient.

The bigger question remains - to what extent has the existing market caused these problems in the first place? Will 2022 be the year when we see meaningful debate about whether or not privatisation has delivered its theoretical benefits?

The rail industry is effectively being renationalised by stealth, the energy sector is in crisis, and our water companies are being allowed to pump sewage directly into our rivers and seas, because they've prioritised shareholders over investment in the sector.

However, I suspect that this sort of debate won't take place - it's much too challenging to long held ideological positions.

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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