Monday, October 19, 2015

The British taxpayer is the one falling into the piranha pool

UK Chancellor of the Exchequer George Osborne's mania for Chinese investment has no better illustration than the way he's trying to use their still small commitment to invest a new nuclear power plant to lock in a massively expensive power source with unknown long-term consequences (BBC):

£89.5 Price per MW/hr guaranteed to EDF by government 
£44 Current price per MW/hr of wholesale electricity in UK

A brilliantly diabolical plot to financially cripple a western country!

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