Breakingviews – UK’s power tax plan may avoid tilting at windmills
In “Don Quixote”, the eponymous hero charges at imaginary enemies that are actually windmills. Rishi Sunak’s attempted raid on the UK electricity sector’s apparent 10 billion pounds of excess profit appears similarly misguided. Yet Britain’s finance minister probably won’t end up with entirely empty pockets.

Breakingviews – UK’s power tax plan may avoid tilting at windmills

In “Don Quixote”, the eponymous hero charges at imaginary enemies that are actually windmills. Rishi Sunak’s attempted raid on the UK electricity sector’s apparent 10 billion pounds of excess profit appears similarly misguided. Yet Britain’s finance minister probably won’t end up with entirely empty pockets.