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Nuclear power deal shows Osborne's lack of faith in UK competence

2013-10-21 18:58:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: George Osborne used a trip to China last week to berate Britain for losing its entrepreneurial confidence and allowing a local nuclear industry to wither. Yet his own decision to subsidise state-owned Chinese and French companies to build and operate Hinkley Point C shows a huge lack of belief in UK competence, and arguably its private sector too. If the chancellor believes that offering a generating strike price at double the current cost of wholesale energy is a good deal all round then why...

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