Shadow energy secretary: Reeves’ subsidies mean nothing without tax cuts Opinion It is the cost of systems, not electricity, that is driving up businesses' energy bills, writes shadow energy secretary Claire Coutinho.
Reeves mulls taxpayer-funded subsidy to cut manufacturers’ energy costs Energy Rachel Reeves is looking at plans for a £1bn taxpayer-funded annual subsidy to bring down the energy costs for manufacturers after warnings the UK faced “rapid deindustrialisation” without intervention. The Chancellor is facing mounting pressure to lower energy costs for industry with fears high prices are holding back investment opportunities and stifling the country’s competitiveness. [...]
Don’t believe Miliband’s spin on green energy Opinion The only thing “record-breaking” about the latest clean energy auction is the subsidies Ed Miliband’s thrown at it. Time to level with taxpayers about the true cost of net zero, says Tim Focas Here we go again – it didn’t take long did it. The new government, with Ed Miliband at the helm of energy [...]