Price caps and windfall taxes risk repeating the mistakes of the 70s
Andy Mayer quoted in City A.M.
Professor Len Shackleton quoted in The Guardian
Andy Mayer quoted in The Express
Arguing against the price cap, especially if funded by further windfall taxes, Andy says:
“Labour repeats errors made during the last energy crisis in the 1970s, economic mismanagement through ‘make believe’ price controls, that left the UK seeking a bailout from the IMF.”
Read the articles here and here.