UK Industry Body Flags Exorbitant Energy Costs ...Middle East

OILPRICE - Economy
UK Industry Body Flags Exorbitant Energy Costs
source : OILPRICE ( Middle East ) () 39
Make UK, a manufacturing industry body, has warned that sky-high energy costs for industrial consumers are compromising the country’s future in manufacturing. The UK has the highest energy costs in the developed world because of successive governments’ efforts to shift the economy from hydrocarbons to wind, solar, and batteries that require heavy subsidization through a combination of incentives and higher taxes, including carbon taxes on gas generators. “If we do not address the issue of high industrial energy costs in the UK…

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