Better access to education. Tax cuts for anyone in the struggling middle. More affordable homes, and more money for the National Heath Service. There is nothing wrong with Theresa May seeking to stake out the centre ground of British politics and stop Brexit turning into a right-wing campaign to turn back the clock. But one might have imagined she’d use conservative means to achieve this, rather than raiding Ed Miliband’s last manifesto for ideas. The proposed price cap on energy companies is an alarming example of Mrs May’s left turn.
There are so many ways in which the price cap is a genuinely terrible idea that it is hard to find space to list them all. But here are four big flaws to be getting on with.
First, there is no evidence anyone is making ‘excess’ profits.
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