The madness of Truss’s energy price cap

While Boris Johnson used his farewell speech to praise the ‘vital symmetry between government action and free market capitalist private sector enterprise’, the formerly free market Liz Truss was busy briefing out price caps on energy. There are only three possible explanations for this sudden change of heart: No. 10 is haunted by the malign ghost of Clement Attlee, the building is riddled with lead piping, or the electoral incentives facing the Conservative party are so perverse that when push comes to shove, even free marketeers are willing to abandon the free market in the race to expropriate from the...