IEA expert responds to Energy Bill Relief Scheme for businesses

Wednesday 21 Sep 2022 @ 16:20
Think Tanks

Andy Mayer, Chief Operating Officer and energy analyst at free market think tank the Institute of Economic Affairs comments on the announcement of the Energy Bill Relief Scheme

“The Energy Bill Relief Scheme replicates the domestic Energy Price Guarantee for businesses.

“The government has done well to deliver a comparable scheme quickly, avoiding inconsistency.

“But tax cuts and targeted support would have been a more effective solution, encouraging less energy use, while rewarding those who had already invested in energy efficiency.

“A better plan would be cutting rates, VAT and payroll taxes for businesses, lowering general taxation for working people, and upping welfare for the vulnerable.”

Notes to editors

Further comments by Andy on the Energy Price Guarantee can be read here:

https://reaction.life/energy-price-freeze-risks-prolonging-the-crisis/

https://iea.org.uk/media/energy-price-freeze-is-middle-class-welfare-on-steroids/

Energy Bill Relief Scheme: help for businesses and other non-domestic customers

Original article link: https://iea.org.uk/media/iea-expert-responds-to-energy-bill-relief-scheme-for-businesses/

Share this article

Latest News from
Think Tanks

The King's Fund - System working lays the groundwork for improved dementia diagnosis but more to be done

18/04/2024 09:20:00

Integrated care systems are enabling the improvement of dementia diagnosis by supporting collaborative working across the health and care system, new research from health and care think tank The King’s Fund finds.

IEA - UK ranked second least authoritarian populist country in Europe, finds new index

17/04/2024 16:20:00

Hungary, Italy, and Greece demonstrate the danger of embracing populist policies Hungary, Italy, and Greece demonstrate the danger of embracing populist policies

IPPR - Rent and house price data reaction: Government needs to fix broken planning system says IPPR

17/04/2024 15:20:00

Dr Maya Singer Hobbs, senior research fellow at IPPR reacting to today’s house and rent price data

IFS - New tax year gives Chancellor more ‘headroom’ but doesn’t change the fundamentals

17/04/2024 14:15:00

The start of a new tax year causes a mechanical boost to the Chancellor’s ‘headroom’, but the post-election fiscal challenge remains daunting.

IEA - Bernanke Review Exposes Bank of England’s Failings

15/04/2024 10:20:00

Julian Jessop, Economics Fellow at the free market think tank, the Institute of Economic Affairs, commented on former U.S. Federal Reserve Chairman Ben Bernanke’s review of forecasting and communications at the Bank of England

Britain’s Housing Crisis has been Solved, Finds New IEA Report

12/04/2024 10:15:00

The year is 2035. Wages have outpaced house prices and rents for an unprecedented 10th year following housing reforms.

IPPR reacts to Labour’s plans to extend and speed up local bus franchising

12/04/2024 09:15:00

Maya Singer Hobbs, IPPR senior research fellow, reacted to Labour’s announcement of a plan to extend and speed up bus franchising, and other changes it says are aimed at improving local bus services

King's Fund - NHS performance stuck following another tough winter

11/04/2024 16:15:00

Danielle Jefferies, Senior Analyst at The King’s Fund, commented on the latest monthly NHS performance data

King's Fund - What is happening to life expectancy in England?

10/04/2024 13:25:00

There have been two turning points in trends in life expectancy in England this century. From 2011, increases in life expectancy slowed after decades of steady improvement, prompting much debate about the causes. Then, in 2020, the Covid-19 pandemic was a more significant turning point, causing a sharp fall in life expectancy, the magnitude of which has not been seen since World War II.

WIREDGOV