Reeves ‘doesn't understand markets', say energy bosses [Yahoo! Finance]
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Source: Yahoo! Finance
Rachel Reeves has been accused of not understanding how markets work after her flagship energy bill announcement caused a £2.6bn drop in UK energy stock. Energy bosses have blamed the Chancellor's “amateur hour comms” for instigating investment panic that temporarily cut the value of British energy companies. And they warned this could put off investors who might lose faith in the Government's ability to make sensible, well-considered policy announcements. Rachel Reeves visited the London Stock Exchange this week, days after her policy announcement caused a fall in energy stocks - Carl Court/PA Wire The Chancellor announced in Washington last Thursday that she and Ed Miliband, the Energy Secretary , planned to break the link between electricity and gas prices. Ms Reeves said: “This is something that I've been attracted to for quite some time, delinking electricity and gas prices “At the moment, when gas prices are high, we end up paying more for our electricity, even thou
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