UK government announces new nuclear power facilities
The UK government has today confirmed plans for eight new nuclear facilities across the country but surprisingly these ventures will be taken on by the private sector. In what is a long-term cost reduction programme the UK government has announced that the new expanded nuclear program will be administered by the private sector and ultimately reduce any liabilities in the short term for taxpayers. However, will the long-term liabilities also disappear for UK taxpayers?
There is concern that the UK government will eventually foot the bill for nuclear cleanups in the future despite the fact it is looking to transfer ownership and management of this project to the private sector - with UK taxpayers at least relieved of the initial investment required. However, when you look back at nuclear power in the UK the cost to cleanup old nuclear plants has been well in excess of the initial investment required to build and operate these ventures.
This also comes at a time when the UK government had initially been very keen on green energy but has today announced the cancellation of a £30 billion green energy venture across the Severn estuary. Quite how the government can justify a reduction in green energy investment yet still maintain that it is looking for cleaner, greener and cheaper energy in the future is a mystery.
Mitsubishi announces £10,000 off electric car
The award-winning Mitsubishi i MiEV electric vehicle will now be available with an additional £10,000 reduction from the original cost price. The vehicles will now retail at £28,990 although when you take into account the UK government's £5,000 green incentive this figure falls further to £23,990. There is no doubt that the Mitsubishi i MiEV is one of the most eagerly awaited electric cars to...Read More
Asda takes price promotions to a new level
UK supermarket giant Asda has today revealed that customers will be refunded the difference if they find their groceries cheaper at any rival supermarkets. In a bid to grab back the company's falling share of the supermarket sector Asda has set up a website whereby customers type in their receipt details and can compare the cost of their goods to those sold by the likes of Tesco, Morrison, etc. If...Read More
UK train network in disarray
As we have reported over the last few weeks, a number of UK train franchises are under significant financial pressure as the economic downturn continues to hit both costs and passenger numbers. However, National Express has attracted fury from consumer groups after announcing the introduction of reservation charges on its East Coast and East Anglia franchise. Those looking to reserve a single tick...Read More
Have You Protected Your Income?
A survey by the Yorkshire Building Society has laid bare the full hardship which many in the UK will experience if they were ever to lose their jobs. It seems that the vast majority in the UK are totally unprepared for the possibility that they may see their income disappear if they were unable to work. In a nightmare scenario it is forecast that the average Briton would only last 52 days in the...Read More
Energy firms 'hoarding customer money'
Up to six out of ten Britons could be giving gas companies more money than they are due.New research suggests that with 61 per cent of energy customers paying their bills through direct debit, utility firms are amassing a £490 million cash float by failing to reflect gas price falls in consumer tariffs.Moneysupermarket says that it can take energy companies up to six months to rectify the discrep...Read More