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!

December 1, 2022 - Posted by Christina Macpherson | politics, UK

5 Comments »

Can you compile another week in nuclear soon

Comment by Jesse Tilson | December 2, 2022 | Reply
- Thanks Jesse. I do the week’s roundup on each Monday (sometimes Tuesday) Did something special happen?
  
  Comment by Christina Macpherson | December 2, 2022 | Reply
All this evil, so billionaires and the military can wallow in funny money for fraudulent , homicidal investments of nuclear death. Yur buddy musk is completely pronuke, like the gates thing.
Millions of homeless, everywhere in the usa. 46 percent of them try to work. Kids starving. No sick leave for workers. Overt nazi devils like Musk. Warmonger lying devils Biden ,Trump who run the discourse.
Musk is at a John Mccaffee moment
It’s cons and evil is coming unravelled

Comment by Berry Field | December 2, 2022 | Reply
Anger for no good reason and constant negative emotions are from the realm of animality. If we can learn love, empathy, and compassion for some people they will listen. I pray for peace every day

Comment by Jm | December 2, 2022 | Reply
- I think there’s a good reason for anger in this case.
  
  Comment by Christina Macpherson | December 2, 2022 | Reply