A response to Leon Ashby's "Why an ETS is not necessary": Slide 40

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Slide 40: Price rises in the first few years of an ETS

These figures are much higher than Treasury estimates and must be treated with scepticism as no source has been provided. Are we expected to take Mr Ashby’s word for it that “unemployment will rise to 20%” for example?
Treasury modelling found the CPRS would bring once-only price increases of 19% for electricity and less than 1% for food. Transport fuel is excluded from the ETS. Unemployment is expected to rise temporarily but return to reference (non-CPRS) levels.
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