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By Chris Bailey | Monday 4 February 2019
Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
I do not remember the various price caps employed by Ted Heath's government in the early 1970s...but the history books tell me all I need to know as to their impact which was a mega policy failure and contributed to the election of a Labour government (of course it also led to the monetarist/free market revolution that ultimately led to the rise of Mrs T). Price caps distort markets and give incorrect incentives, a point made multiple times over the last year by the management of Centrica (CNA), concerning the introduction of energy price caps by Ofgem following agreement by the government...
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