IEA expert responds to Energy Bill Relief Scheme for businesses
Mark Littlewood quoted in The Telegraph
“The Energy Bill Relief Scheme replicates the domestic Energy Price Guarantee for businesses.
“The government has done well to deliver a comparable scheme quickly, avoiding inconsistency.
“But tax cuts and targeted support would have been a more effective solution, encouraging less energy use, while rewarding those who had already invested in energy efficiency.
“A better plan would be cutting rates, VAT and payroll taxes for businesses, lowering general taxation for working people, and upping welfare for the vulnerable.”
ENDS Notes to editors Contact: [email protected] / 07763 365520 IEA spokespeople are available for interview and further comment.
Further comments by Andy on the Energy Price Guarantee can be read here:
The mission of the Institute of Economic Affairs is to improve understanding of the fundamental institutions of a free society by analysing and expounding the role of markets in solving economic and social problems. The IEA is a registered educational charity and independent of all political parties.