New state aid rules likely to distort competition and slow down innovation
3 February 2021
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In the Media
Emma Revell writes for The Telegraph
3 February 2021
Press Release
Economic Theory
Victoria Hewson quoted in City AM
The Business Secretary Kwasi Kwarteng MP has announced his plan for new state aid rules, which will allow taxpayers’ money to be spent on subsidising private companies in the UK.
Commenting in City AM, Victoria Hewson, Head of Regulatory Affairs at the IEA said: “Governments are notoriously bad at picking winners, whether that’s in the UK or at the EU level”.
Furthermore, Hewson argued that “using taxpayers’ money to prop up failing businesses is likely to distort competition, slow down innovation and favour incumbents”.
Read the full article here.
Commenting in City AM, Victoria Hewson, Head of Regulatory Affairs at the IEA said: “Governments are notoriously bad at picking winners, whether that’s in the UK or at the EU level”.
Furthermore, Hewson argued that “using taxpayers’ money to prop up failing businesses is likely to distort competition, slow down innovation and favour incumbents”.
Read the full article here.
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