An influential think tank has said that post-Brexit Britain should slash green subsidies to make the country’s energy prices the cheapest in Europe.
The report by Civitas found that prices for industrial electricity have doubled since 2004 through a rush to renewables and a “process of economic self-harm”.
Glyn Gaskarth, the report’s author said that the country should ‘weaponise’ energy policy in order to keep prices “as low as possible”.
“The UK needs to rip up its existing energy policy and replace it with a new policy that delivers low and stable energy prices for all users.” he said.
The findings by Civitas follow a damning assessment by the Public Accounts Committee (PAC) which found that the Government’s green levies would add £110 to households bills by 2020.
“The Government expects the cost of levies to continue to bust the budget – meaning customers will pay more than expected.” PAC Chair Meg Hillier said.