Tilting at windfall taxes (part 2)

UK government’s bid to claw back profits is riven with dubious trade-offs

“The energy industry is often painted as the villain, but clawing back excessive earnings made at the expense of consumers is easier said than done.” – Energy Flux, January 2022

These are extraordinary times, with the energy world whipsawing from unprecedent pandemic-era blood-letting into a troubled new wartime era of structural shortages, higher prices…