If a particular sector gets preferential tax treatment it absolutely is a subsidy. I appreciate the general public thinks of direct grants only, but there are loads of ways government can support a s… (View Post)

To extract 100%, as Badenoch suggests? Yes, billions. But I won't be unfair and take her literally on that - I guess the policy is to extract what is economically viable. The most important subs… (View Post)

... by implementing something that will reduce tax revenue now and (possibly) increase them in the future? By your own logic this is the wrong time to do it. It should have been done in 2023, because… (View Post)

You keep on spouting this £25 billion figure BigG. Not even OEUK think it would be that much - and given they are the O&G lobbyist, you should raise an eyebrow at that too. The difficulty with th… (View Post)

It’s a very cool idea - but it doesn’t solve the spring/neap cycle, and so the baseline power would be a couple of GW at an absolute maximum (guessing), and you’d have to build them all around the UK… (View Post)