FT Westminster handy guide to the EDF Hinkley Point deal

What has happened? The government has promised to pay tens of billions of pounds of subsidy to the Chinese and French governments to get a new nuclear reactor off the ground at Hinkley Point in Somerset. The �16bn plant will provide 7 per cent of Britain?s electricity for six decades or longer.

Really? I thought George Osborne was a fan of free markets? You could say it?s very ?free market? to encourage investment into one of Britain?s most sensitive industries from almost anywhere ? including Beijing. Maybe less so to pay them a guaranteed price through to the middle of the 21^st century.

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Source: http://blogs.ft.com/westminster/2013/10/ft-westminster-handy-guide-to-the-edf-hinkley-point-deal/

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