Email of the day 2
Comment of the Day

September 19 2016

Commentary by David Fuller

Email of the day 2

On the Hinkley Point decision:

I was shocked to read that Theresa May had agreed to go ahead with Hinkley Point. Electricity is highly likely be available at a small fraction of the cost from other clean sources for the lifetime of this white elephant. And reports of construction delays, massive cost increases, and safety concerns at EDFs other construction sites are troubling. We taxpayers are being lumbered with a big bill far into the future. And UK industry will be lumbered with high energy costs and reduced competitiveness. This is the kind of decision-making I had hoped we would escape on leaving the EU (if we do!)

David Fuller's view

Well said, and thanks for your thoughts. This was obviously a political rather than an economic decision. I believe Ambrose Evans-Pritchard had said Mrs May had no choice. I do not know all the background facts so I do not want to be too critical but Mrs May found herself in an invidious position over Hinkley Point, which she had not created.

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