Cavey wrote:
Welcome to the globalised world, Kissyfur. You don't like it; shit, I don't like it - but we've got to deal with it. I've no doubt that Gideon has sold us all down the river with some fat, guaranteed £1000/kWh rate for the next gazillion years, as underwritten by the State, in order to get the Chinese to stump up; most of the British public won't even care enough to ask about these details and yet another mortgaging of their grandkids' futures by government. Still, at least "London" (i.e. the banks/City) got what they came for, apparently.
Even this surely can't be as bad as Broon's PFI "deals" though, not to mention catastrophic defence, Tube and IT government contracts whose sheer waste (perhaps a hundred billion or two, give or take) dwarfs even the total cost of these power stations (seriously). Unlike the UK government and public sector generally, at least the Chinese State will get shit like this done, on time and in budget. We'll have a bunch of shiny new nuke power stations before you can say "special fried rice".
It's only a surprise that the UK government can get even the cash-rich Chinese interested here, what with Millipede's latest broadside just days ago (impeccable timing and economic nous as ever by Labour) about freezing energy prices - lovely investor climate, there, 1970s Labour Broken Britain all over again.
As an aside also, makes me laugh to hear the term "imbeciles in Tory government" just 2 years after the Labour-induced Depression not recession (we now know the economy crashed c.8% in a single quarter), with no double dip, growth now returning strongly, record number of people working, control restored to burgeoning welfare - the country is already in immeasurably better shape than it was mere months ago. (I should know, as I have a proper job and run an actual business and stuff).
I suppose it's too much to ask to expect a modicum of credit where it's due; a little fairness into the equation - as harsh a critic as I myself most certainly am of this government too. Man alive, you think it's bad now, I cannot even begin to imagine how bad it would've been if Broon/Balls had stayed at the helm.
Dude! Be fair, for goodness sake. It's no wonder you get lambasted for being tribalistic.
(1) PFI started under the Tories (PPP as then was, IIRC), and they're still happily doing it (despite slagging off Brown and Co for doing it).
(2) However shit he was, the
global recession wasn't caused by Brown, and the second dip of the local double dip recession happened under the Tories. Credit where credit's due, indeed: the Tories have done a
really good PR job on this one.
ANYWAY, Chinese.
Any deal done here would almost certainly be fairly bad, as the deals the European companies wanted in order to build new nukes were crippling. I can't see any Chinese deal being any better than another Tory PFI dea, TBH. Either the chinese pay the investment and energy prices skyrocket, or the government pays the investment and the Chinese make the money off it.