Nuclear News Hubb
Advertisement
  • Home
  • News
  • Nuclear Power
  • Contact us
No Result
View All Result
  • Home
  • News
  • Nuclear Power
  • Contact us
No Result
View All Result
Nuclear News Hubb
No Result
View All Result
Home News

TODAY. The GREAT BRITISH NUCLEAR financial mess « nuclear-news

admin by admin
December 2, 2022
in News


TODAY. The GREAT BRITISH NUCLEAR financial mess

In a gloomy financial statement, Chancellor Jeremy Hunt said the Office for Budget Responsibility had judged that the UK’s economy was shrinking. J.P.Morgan said on Tuesday it expects a contraction in the UK’s economy next year as it enters a lengthy period of stagnation in the face of soaring gas prices, slowing global growth and tighter economic conditions. It predicts “Tighter monetary and fiscal policy amid scarring from both the pandemic and Brexit”

In the midst of all this financial gloom, both the Tory government and the Labour opposition delight in predicting a boom in electricity production from a fleet of nuclear reactors both Big and Small – a fleet that is magically going to appear like some sort of miasma – as taxpayer funds pour into nuclear projects like Sizewell C (Big) and Rolls Royce’s 470 MWe SMR (Not Really Small At All)

Seven months ago the UK government dreamed up “Great British Nuclear” – a “flagship” to “enable nuclear projects”. Now it is clear that “Great British Nuclear” is nothing more than a public relations exercise.

Wylfa and Cumbria nuclear projects failed. because, although the
government offered to take a 30 per cent stake, no other investors came
forward. Now the government is to take a 50% stake in the up to £43 billion Sizewell C , – again desperately touting for investors.

And now – the government unveils plans to establish “Great British Energy”, a new arms-length public body to oversee UK nuclear power pipeline

The Tories pinched the name from the opposition Labour Party, which touted its plan as “all about renewables”. But Labour didn’t mind a bit, when the government co-opted it and turned it into some sort of nuclear justification body. Indeed, Labour’s just as ecstatic as the Tories, about Britain’s wonderful nuclear future – and to hell with the expense!

Like this:

Like Loading…


December 1, 2022 –


Posted by Christina Macpherson |
politics, UK



Source link

Previous Post

Broken promises: how nuclear armed states are failing on their commitments to disarm

Next Post

Atomic Show #302 – Dr. Sama Bilbao y Leon, Director General, World Nuclear Association

Next Post

Atomic Show #302 - Dr. Sama Bilbao y Leon, Director General, World Nuclear Association

Recommended

to 6 December – nuclear news « nuclear-news

December 6, 2022

UK nuclear whinging about Brexit? Blame Boris the Buffoon! « nuclear-news

August 16, 2022

Don't miss it

News

EPA Can Save Lives with Tighter Protections on Fine Particulate Pollution

February 4, 2023
News

Appeal Filed against 3 Ex-TEPCO Execs over Nuclear Crisis « nuclear-news

February 4, 2023
News

Oil Companies Plan to Take the Road Already Traveled

February 3, 2023
Nuclear Power

USA Today: ‘Nuclear nightmare’ ticks closer: Why any use of nuclear weapons would be a disaster

February 3, 2023
News

Ukraine’s Tank Problem – a “game changer” – REALLY? « nuclear-news

February 3, 2023
News

How Is Climate Change Affecting Winter Storms in the US? 

February 2, 2023

© 2022 Nuclear News Hubb All rights reserved.

Use of these names, logos, and brands does not imply endorsement unless specified. By using this site, you agree to the Privacy Policy and Terms & Conditions.

Navigate Site

  • Home
  • News
  • Nuclear Power
  • Contact us

Newsletter Sign Up

No Result
View All Result
  • Home
  • News
  • Nuclear Power
  • Contact us

© 2022 Nuclear News Hubb All rights reserved.