Economic Competitiveness

Britain's Energy Crisis: A Policy Announcement or a Confession of Failure?

Eight Years Too Late, Three Years Too Slow

While Business Secretary Jonathan Reynolds announced plans to cut industrial energy costs, he inadvertently confirmed what has become a defining characteristic of modern Britain: world-leading failure dressed up as forward-thinking policy. The UK maintains the highest industrial electricity prices in the G7, a distinction that has persisted across multiple governments, and the solution being trumpeted won't begin until 2027—three years from now.