New IEA paper on devolution

Slicing up the public sector: A radical proposal for devolutionby Tom Packer and Matthew Sinclair, outlines the benefits to be had from devolving power away from Westminster and providing local authorities with greater autonomy over raising revenue as well as spending it. Writing on the key themes in the paper, Tom Packer featured in CityAM and Matthew Sinclair appeared on ConservativeHome. To read the publication in full, click here and to read the press release, click here. 

 

 

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media coverage - 26 Mar 2015

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By Vicente Lopez-Ibor Mayor, 27th Mar 2015 ( comments)

If wholesale prices increase, the sector might operate at a loss, which could well lead to the government covering the shortfall in one way or another. That would effectively mean taxpayers picking up the tab, and paying the higher prices a prize freeze has supposedly prevented. This is exactly what happened in Spain. Whenever retail prices fail to reflect production costs, it ultimately always leads to consumers paying more, if not in their role as energy consumers, then in their role of taxpayers.

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