Hinkley’s Welcome Pause

70602819_hinkley_edf

Gaia has been sceptical of the case for Hinkley Point C on the grounds of cost, the history of over-runs and the manifest problems with these type of EPR reactors. The guaranteed price of the energy and the subsidy required seem a high price to pay – even considering the strategic importance of have diversity in energy supply. So the government’s decision to reconsider the deal is not unwelcome.

There are also legitimate security concerns about giving China a stake in Britain’s energy supply – concerns that George Osborne ignored. That there was a political consensus – the deal has antecedents going back to the last Labour government – does not mean it was well judged. There were terrible deals done under PFI which were unopposed by the Tories at the time. This is the biggest public-private partnership in history, a pause to check the small print and that the sums add up given the history of financial shambles under Brown and Osborne seems prudent.

See also Hinkley Point C




Tip offs: 0709 284 0531
team@Order-order.com

Quote of the Day

Antony Jay’s Jim Hacker on climate computer models:

“Computer models are no different from fashion models: seductive, unreliable, easily corrupted, and they lead sensible people to make fools of themselves.”

Guidogram: Sign up

Subscribe to the most succinct 7 days a week daily email read by thousands of Westminster insiders.

Facebook

Civil Servants Forced to Admit We’re Leaving EU Civil Servants Forced to Admit We’re Leaving EU
Sarah Olney Walks Out of Interview Sarah Olney Walks Out of Interview
DfID Slams Baroness Scotland DfID Slams Baroness Scotland
Ken Aide Says Staff Celebrated 9/11 Ken Aide Says Staff Celebrated 9/11
Highest Ever Immigration Highest Ever Immigration
Mortgage Approvals at 7-Month High Mortgage Approvals at 7-Month High
Whitehall’s Brexit Blooper Whitehall’s Brexit Blooper
Amy Lame Ends Naughty Property Deal Amy Lame Ends Naughty Property Deal
WATCH: Bob Geldof Embarrasses Libdems WATCH: Bob Geldof Embarrasses Libdems
Was Guardian Spoofed by Alt Right Hoax? Was Guardian Spoofed by Alt Right Hoax?
Khan Breaks Fourth Promise Khan Breaks Fourth Promise
Bone Tables Article 50 Bill Bone Tables Article 50 Bill
Corbyn’s Commons Cock-Up Corbyn’s Commons Cock-Up
WATCH: Tom Watson Singing Israeli Celebration WATCH: Tom Watson Singing Israeli Celebration
Hugo Speaks Out Hugo Speaks Out
Baroness Scotland’s Anti Corruption Lecture Baroness Scotland’s Anti Corruption Lecture
BBC Interupts Snooker to Remember Castro BBC Interupts Snooker to Remember Castro
Leadsom Brexit Plans 25 Years Ahead Leadsom Brexit Plans 25 Years Ahead
Suzanne Evans’ Discrete Tube Chat Suzanne Evans’ Discrete Tube Chat
Brexit Note Transcribed Brexit Note Transcribed