Wind and nuclear power both produce electricity. But if someone said we needed a tax on wind power to subsidise nuclear, you’d think they were mad.
When a government takes money out of it, it is creating unseen costs. Subsidising jobs is no more a route to growth than smashing windows.
By JP Floru. Lord Heseltine proposes to shift £49 billion from national to local government to encourage investment and growth. His report No Stones Unturned is a classic tale of “government knows best”: of politicians taking economic decisions about which they know little; and of a belief that local politicians are somehow better suited at this than national ones. […]