Subsidise the price of labour, not the price of energy
Simpson, David (1982) Subsidise the price of labour, not the price of energy. Quarterly Economic Commentary, 7 (4). pp. 36-37. ISSN 0306-7866
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Abstract
Amongst the items which featured in this year's Budget, announced on 9 March, was a so-called "Industrial Energy Package". This contained proposals for paying subsidies to "larger industrial users" of gas and electricity. Together with similar measures announced in last year's Budget, these arrangements will benefit the firms concerned, (whose identify remains undisclosed) to the extent of £250 million. It is difficult to think of any justification for the payment of these subsidies and this brief economic perspective attempts to question the merits of such a subsidy.
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Item type: Article ID code: 51112 Dates: DateEventMay 1982PublishedSubjects: Social Sciences > Economic Theory
Social Sciences > Industries. Land use. LaborDepartment: UNSPECIFIED Depositing user: Pure Administrator Date deposited: 15 Jan 2015 12:07 Last modified: 11 Nov 2024 10:55 Related URLs: URI: https://strathprints.strath.ac.uk/id/eprint/51112