Hinckley Point Subsidies

£24.5 billion is a great deal of money. It would equip every home in the United Kingdom with solar water heating systems. However, things being as they are the UK government has decided that a better use for the money (some of which will be provided by EDF, is to build a new nuclear power station at Hinckley Point in Somerset. The £24.5 billion is merely the construction cost. Another £7 billion is required for working capital. Continue reading