IEA Energy Analyst Andy Mayer has been quoted in City AM arguing against Labour’s proposal to spend £8bn on a new sovereign wealth fund.

After outlining Labour’s new policy proposal, the article quoted Andy:

“Labour’s fantasy industry plans rest on a belief in the ability of Ministers to correctly predict and build competitive industries of the future. It’s a growth gamble, corporate socialism, and ‘trickle-up economics’, using higher taxes on all of us to reward favoured lobby groups, in the hope of one day being paid back.”

The full article can be read here.