So Ed Miliband has confirmed that he does want a return to socialism. He intends on bringing in price controls for energy bills, to freeze prices for the first 20 months of a Labour re-election. This is not very clever, except in terms of populist politics in which case it is very clever. Let me explain both parts. Overall consumers are very unlikely to notice any difference to their total energy bills from now to 2020 whatever government is in charge and whatever policy they may or may not threaten/implement. If this policy of price controls is implemented (or it … Continued