Economists Warn Energy Bill Price Caps Could Lead To Blackouts In UK

Economists are warning prime minister Liz Truss’s decision to freeze energy bills for everyone in the UK at £2,500 raises the risk of blackouts. Experts at the economic think tank the Institute for Fiscal Studies (IFS) said energy supplies may run dry due to the government propping up energy spending. “Households, businesses or governments… will have to reduce their energy use” to correct the UK energy market or supplies would have to be rationed, the IFS said. “The less UK households reduce their energy demand,…