Tag: ofgem

Red Sea crisis is unlikely to blow inflation off course

The disruption to shipping through the Red Sea – and the possibility of a further escalation of the Middle East crisis – are serious threats to the global economy. Nonetheless, the wider fallout should be limited. UK inflation might sink a little more slowly than it would otherwise have done, but it should continue to … Continue reading Red Sea crisis is unlikely to blow inflation off course →

Businesses must not be given a blank cheque for energy bills

Many businesses are rightly worried about the soaring cost of energy and the likely delay before they will be able to access the rescue package being put together by the government. Unfortunately, there are good reasons why they will have to be patient. The new ‘Energy Price Guarantee’ will cap the unit price of energy … Continue reading Businesses must not be given a blank cheque for energy bills →

Nationalisation of energy suppliers would solve nothing – and could make the crisis even worse

Kudos to Gordon Brown. The former Labour Prime Minister and Chancellor is at least coming up with bold ideas to tackle soaring energy bills. Unfortunately, his ideas are not new, and they are not good ones either. Brown’s starting point is that the energy price cap should be ‘suspended’ before the results of the latest … Continue reading Nationalisation of energy suppliers would solve nothing – and could make the crisis even worse →