The top item in goods exports "mechanical power generators" probably benefits as much from high electricity prices as it costs.
Pharma is mostly R&D, not linked to actual incremental cost of production.
"Services" is the laptop job class.
It's not great that electricity has shot up this much, but it mostly falls on poorer (and older) consumers, as well as a few particularly intensive and old businesses (last bits of steel industry). We need to unjam the renewables transition sooner rather than later.
Before anyone says nuclear: Hinkley Point C site license was in 2012.
The top item in goods exports "mechanical power generators" probably benefits as much from high electricity prices as it costs.
Pharma is mostly R&D, not linked to actual incremental cost of production.
"Services" is the laptop job class.
It's not great that electricity has shot up this much, but it mostly falls on poorer (and older) consumers, as well as a few particularly intensive and old businesses (last bits of steel industry). We need to unjam the renewables transition sooner rather than later.
Before anyone says nuclear: Hinkley Point C site license was in 2012.