Thursday, October 22, 2015

Strike Price

We are living through a week in which our government is allowing the British steel industry to go to the wall because it has to pay twice  as much for energy as competitors in, say, France and can't match the prices at which China is dumping excess capacity on us, while simultaneously agreeing to pay the French majority publicly owned EDF and the state-owned China General Nuclear Power Corporation (CGN) twice the going rate for electricity from a nuclear power plant they will build at Hinkley Point in Somerset.

This is strategically and economically insane; practically treason to put it bluntly.

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