Martin Lewis telling us how financially awful the future looks.

Perhaps someone could tell us why 100% French government owned EDF are building UKs new nuclear plant?

I guess it's because it's a near identical model to the nuclear power station already being build at Hinckley Point which is being funded by EDF Energy (66.5%) and China’s state-owned China General Power (33.5%).

The Nuclear Energy Financing Act was passed in 2022 to make it easier to raise British funds for nuclear power station construction. It doesn't seem to have worked.

Martin Lewis is one of the good guys....
not really sure who the others are these days, thin on the ground.
Not a doom monger.

Thank you for the transcript Far North.

Seems ironic that British taxpayers are helping to keep French consumers energy prices low. Bit like the highest fares in Europe on our foreign state owned railways….

vegansrock

Perhaps someone could tell us why 100% French government owned EDF are building UKs new nuclear plant?

France has more experience of operating Nuclear than anyone else and are quite happy to profit from the UKs inability to develope our own nuclear plants. EDF also operates a great deal of Wind renewable power in the UK as well as sell energy to consumers.

Successive governments have taken the short term view NOT to develop home grown technology now were paying the price.
It’s not just energy most industries buy technology from elsewhere because development support is not there.

Lewis is far more believable than any of the Tory politicians we are currently stuck with.

He’s certainly a show man and gets the attention he craves. His advice about not fixing energy tariffs earlier this year was way off & I'm glad I ignored it.