FT – Is the energy business being renationalised?

In a provocative paper published by the Institute of Economic Affairs just before Christmas Professor Colin Robinson, one of Britain’s most senior energy economists, says that the energy sector in the UK has been “effectively renationalised”. The language is strong and the case overstated. The claim is not true in any literal sense. Companies are not being taken over or expropriated by any Government agency. There has been no transfer of ownership. But behind the rhetoric is a real trend. There has been a transfer of effective control, the consequences of which are pushing large parts of the sector back under Government authority. (Read more… http://blogs.ft.com/nick-butler/2014/01/12/is-the-energy-business-being-renationalised/)

 

(English, Opinion, 2014)

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