Mark Littlewood comments in the Financial Times

Mark Littlewood, Director General at the Institute of Economic Affairs has commented in the Financial Times following the news that a Conservative government would introduce an energy price cap if they win the general election.

In the article Mark observes that price controls have failed across Europe wherever they have been introduced. There is no reason to think politicians know any better this time around. In reality a cap will do more harm than good for consumers and businesses alike.

Read the full article here. (££)

Further IEA reading: From Nationalisation to State Control; A Post-Brexit Framework for Electricity Markets