Anthony Hilton: Flawed plan to rebuild Britain with no money

The Government wants the private sector to finance the huge costs of nuclear power stations and hopes French company EDF will shortly kick off its new build.

This continues to be its public position in spite of the high casualty rate among rival companies – like Centrica and the the private sector – to finance the huge costs of nuclear power stations.

This marks a further unravelling in the Government's grand plan to rebuild Britain's infrastructure without spending any money and, sooner or later, it is going to have to accept that it is not going to work. Some things are just too big for individual companies to handle because they risk being wiped out.

Unfortunately the longer the Treasury and Chancellor keep up the pretence that things are otherwise, the less that gets built, the more the UK's potential for future growth is undermined. And what makes this doubly silly is that the Government has already told potential suppliers that customers will pay a higher rate for nuclear electricity than they will for power generated from other sources, as a way to cover these costs. So we are – or will – pay a nuclear tax anyway.

All this manoeuvring is to keep the cost off the Government balance sheet but it adds huge costs in complexity, uncertainty and delay. It really is no way to run a country which seeks to be competitive in the 21st century.

VIDEO
News
weird news... and film it, obviously
Arts & Entertainment
tv
News
Matthew Mcnulty and Jessica Brown Findlay in 'Jamaica Inn'
mediaHundreds complain over dialogue levels in period drama
News
peopleJay Z and Beyoncé to buy £5.5m London townhouse
Voices
voicesMoyes' tragedy is one the Deputy PM understands all too well, says Matthew Norman
Arts & Entertainment
Rocker of ages: Chuck Berry
musicWhy do musicians play into old age?
Arts & Entertainment
With Jo Joyner in 'Trying Again'
tvHe talks to Alice Jones on swapping politics for pillow talk
News
Jilly's jewels: gardener Alan Titchmarsh
peopleCountry Life magazine's list of 'gallant' public figures throws light on what it means to be a gentleman in the modern world
Sport
John Terry goes down injured in the 70th minute
sportAtletico Madrid 0 Chelsea 0: Blues can finish the job at Stamford Bridge, but injuries to Terry and Cech are a concern for Mourinho
Student
student
News
<b>Rebecca Adlington</b>
<br />This, the first British swimmer to win two
Olympic gold medals in 100 years, is the eversmiling
face of the athletes who will, we're
confident, make us all proud at London 2012
peopleRebecca Adlington on 'nose surgery'
Have you tried new the Independent Digital Edition iPad app?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs Money & Business

Director of Consulting - Energy Trading Gas, Power - London

£90000 - £110000 per annum + full Package: Harrington Starr: Director of Cons...

Automation Test Manager (C#, C++, VB.NET, QTP, Management)

Negotiable: Harrington Starr: Automation Test Manager (C#, C++, VB.NET, QTP, M...

Data Quality Analyst (SQL, Excel, Word, Finance, Access)

£20000 - £26000 per annum + benefits+bonus+package: Harrington Starr: Data Qua...

Graduate Developer/QA - (Java, C++, SQL)

£25000 - £32000 per annum: Harrington Starr: Graduate Developer/QA - (Java, C+...

Day In a Page

Brits who migrate to Costa del Sol more unhappy than those who stay at home

It's not always fun in the sun: Moving abroad does not guarantee happiness

Brits who migrate to Costa del Sol more unhappy than those who stay at home
Migrants in Britain a decade on: They came, they worked, they stayed in Lincolnshire

Migrants in Britain a decade on

They came, they worked, they stayed in Lincolnshire
Chris Addison on swapping politics for pillow talk

Chris Addison on swapping politics for pillow talk

The 'Thick of It' favourite thinks the romcom is an 'awful genre'. So why is he happy with a starring role in Sky Living's new Lake District-set series 'Trying Again'?
Why musicians play into their old age

Why musicians play into their old age

Nick Hasted looks at how they are driven by a burning desire to keep on entertaining fans despite risking ridicule
How can you tell a gentleman?

How can you tell a gentleman?

A list of public figures with gallant attributes by Country Life magazine throws a fascinating light on what it means to be a gentleman in the modern world
Pet a porter: posh pet pampering

Pet a porter: posh pet pampering

The duo behind Asos and Achica have launched a new venture offering haute couture to help make furry companions fashionable
A History of the First World War in 100 moments: The mutiny that sent a ripple of fear through the Empire

A History of the First World War in 100 moments

The mutiny that sent a ripple of fear through the Empire
Hot stuff: 10 best kettles

Hot stuff: 10 best kettles

Celebrate St George’s Day with a nice cup of tea. Now you just need to get the water boiled
Sam Wallace: Why Giggs is perfect fit as Manchester United boss... in the longer term

Sam Wallace

Why Ryan Giggs is perfect fit as Manchester United boss... in the longer term
Renaud Lavillenie: The sky's the limit for this pole vaulter's ambitions

Renaud Lavillenie: The sky's the limit for this pole vaulter's ambitions

Having smashed Sergei Bubka's 21-year-old record, the French phenomenon tells Simon Turnbull he can go higher
Through the screen: British Pathé opens its archives

Through the screen

British Pathé opens its archives
The man behind the papier mâché mask

Frank Sidebottom

The man behind the papier mâché mask
Chris Marker: Mystic film-maker with a Midas touch

Mystic film-maker with a Midas touch

Chris Marker retrospective is a revelation
Boston runs again: Thousands take to the streets for marathon as city honours dead and injured of last year's bombing

Boston runs again

Thousands of runners take to the streets as city honours dead of last year
40 years of fostering and still holding the babies (and with no plans to retire)

40 years of fostering and holding the babies

In their seventies and still working as specialist foster parents