UK state aid system will “distort competition, slow down innovation and favour incumbents”
Christopher Snowdon writes for Spiked
Julian Jessop quoted in the Daily Mail
Victoria Hewson quoted in the Telegraph
Although it is promising that the UK is diverging from EU bureaucracy, Victoria Hewson, Head of Regulatory Affairs at the IEA, blasted the proposals in the Telegraph saying: “It is concerning that the government sees intervention and subsidisation in the economy as under-pinning our post-Covid recovery”.
Victoria 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.