#Bulb #energycrisis #natgas #inflation #marekts #UK #freemarket #bailout #economy #GFC #OFGEM #hedging
Today we will look at the continued unraveling of the U.K. energy sector as the seventh biggest energy supplier Bulb had to be bailed out by taxpayers to the tune of £1.7 billion.
Our view is that the free market is always the best regulator and that government has no business in regulating or bailing incompetent business people out.
Our conclusion is that the collapse of Bulb and the troubles in the energy sector will spread to other sectors of the economy.
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