Ed Davey is expected to launch his bid for the LibDem leadership imminently, so it is good timing for the National Audit Office to release their report into his Hinkley Point deal today. Sir Edward was the Energy Secretary pushed though the £18 billion deal and insisted it was good value. The National Audit Office disagrees, this morning calling Hinkley Point “a risky and expensive project” that is “not value for money“. They say the case for the plant is “marginal“. As damning language as it gets…

Even more embarrassingly for Sir Edward, his own party opposes Hinkley Point. LibDem energy spokesman Lynne Featherstone says:

“Failing to call a stop to Hinkley will prove a costly mistake. The opportunity to pull the plug on Hinkley has been missed, and we will all pay for it from our pockets.”

The final humiliation for Davey. Well, depending on how his leadership bid goes…