UK economy is about to surge back to life, says leading forecaster
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  1. #51

    Prof Cunning @ Oxford Uni

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    Quote Originally Posted by vetran View Post
    we are at fork in the road with cars, as with all massive changes we should be prepared to take the right road an make as much profit as we can. Where are the govt sponsored electric car & PV panel firms?
    The government did support PV panels for a while, but then realised they were losing out on tax and the power companies were losing out on profits. You can't take money away from big businesses (particularly when they are foreign owned and foreign bank-rolled)
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    Quote Originally Posted by vetran View Post
    we are at fork in the road with cars, as with all massive changes we should be prepared to take the right road an make as much profit as we can. Where are the govt sponsored electric car & PV panel firms?
    RE: PV Panels, the story is well covered. The Chinese were willing to dump hundreds of billions of pounds worth of cheap panels into the EU and US markets at a near-loss. The EU almost went to trade war with the Chinese over it and then subsequently bottled it when the Chinese ignored the 2013 agreement to put a floor on prices.

    The Chinese government have burnt hundreds of billions propping up their manufacturers to kill-off everyone else - there is a story of woe currently regarding what is left of the U.S firms.

    I would hope, that once we leave the EU that the UK government will apply correct levels of tariffs to Chinese PV panels they are dumping onto the market and then start to re-invest into UK PV technology start-ups but it seems that ministers are too limp wristed with the Chinese on issues like this.

    Something tells me that once all the known producers of PV panels in the EU and US are killed off that prices will slowly rise as although the Chinese can afford to continue to burn through tens of billions doing this (propping up sectors) I am sure they have other priorities.

    http://www.publicfinanceinternationa...ng-debt-levels
    Last edited by Bluenose; 4th August 2017 at 14:45.

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