> to the point that we’re now rapidly deindustrialising
That's not exclusively due to the price of energy, though it is a factor, there are other factors (such as the price of wages) that are much larger factors.
The biggest simply being that China is outcompeting Germany on its own strengths through a combination of a lack of environmental regulations, cheap labor and state subsidies at a level that the EU would not tolerate.
That's not exclusively due to the price of energy, though it is a factor, there are other factors (such as the price of wages) that are much larger factors.
The biggest simply being that China is outcompeting Germany on its own strengths through a combination of a lack of environmental regulations, cheap labor and state subsidies at a level that the EU would not tolerate.