Common Wealth

Common Wealth is a UK-based thinktank. Recent news articles highlight their advocacy for significant changes in the UK's energy pricing system and reform of the Office for Budget Responsibility (OBR). They argue that the current system, where gas prices dictate overall energy costs, inflates household bills and propose alternative pricing mechanisms. Their report suggests bills could be cut by £203 annually by decoupling gas prices from overall energy costs. Simultaneously, Common Wealth is part of an alliance of thinktanks urging Chancellor Rachel Reeves to reform the OBR, believing its current framework hinders necessary public investment. This call for reform comes amid political pressure on the Labour party. Common Wealth's work is relevant as the UK grapples with high energy costs and debates fiscal policy under a new government.