Windfall tax on utilities could distract from focus on the green economy

While there is a clear need to address energy-led inflation, an intelligent framework can support voters' need to pay higher bills at the same time as tackling the climate crisis and transitioning the UK economy from a reliance on thermal generation to renewables. The two are not mutually exclusive.  The spectrum of commentators on energy windfall taxation is wide: from those that think it a necessary tool for redistributing excess energy profits to those that believe windfall taxes disincentivise investment and further complicate tax policy. Policymakers are also presented with an unenv...