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UK’s energy industry plans, especially nuclear, stalled while waiting for new Prime Minister

Bloomberg 12th July 2019 Chancellor of the Exchequer Philip Hammond is blocking a set of government proposals to overhaul the U.K. energy industry because of the potential
spending implications for a new prime minister, people familiar with the
matter said.
The plans are included in a long-awaited energy white paper
that the business department has been working on for months, according to
the officials, who asked not to be identified because the policies
haven’t been announced.
Measures include the way nuclear power plants get funding, boosting technology to capture industrial greenhouse gas emissions for storage, accelerating the decarbonization of the power industry and efforts to make housing more energy efficient.
Greg Clark hoped to publish the proposals in July, but Hammond is reluctant to give the go-ahead to new spending before a successor to Theresa May is in place, the people said.
Whitehall officials across departments are also concerned the document is
both incomplete and too sizable a policy plan to put forward just before a
new premier takes over, according to two of the people familiar. One option
being considered is to publish more urgent sections before recess leaving
the rest for the next government to handle.
If Johnson wins, as expected, neither Hammond nor Clark are likely to remain in their cabinet jobs.
That’s because Johnson has said his cabinet members will have to be
prepared for the U.K. leaving the European Union without a Brexit deal —
something that Hammond and Clark have said they can’t support. The new
prime minister will be announced on July 23.

https://www.bloomberg.com/news/articles/2019-07-12/hammond-poised-to-halt-plans-to-overhaul-u-k-energy-industry

July 15, 2019 - Posted by | politics, UK

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