EDF advises shareholders of so much win

[scooterscot]

Hinkley Point: EDF adds £1.5bn to nuclear plant cost


But don't worry nothing to do with Brexit and everything to do with a government who cannot plan long term or make decisions. Construction of the third runway at Heathrow will begin after Dubai runs out of building plots.

French energy supplier EDF has estimated that the cost of completing the new Hinkley Point nuclear plant will be nearly 10% more than expected.

The company, which is the project's main backer, said the total cost of the power station was likely to rise by £1.5bn to £19.6bn.

Hinkley Point C would be the UK's first new nuclear plant for decades, but has been beset with budget problems.

An EDF review found the project could also be delayed by up to 15 months.

However, the firm said it still hoped to finish the first nuclear reactor by the end of 2025 as planned.

The extra costs partly result from adapting the project's design to meet the demands of UK regulators, the company said.

Climate campaigners said Hinkley Point was "over time and over budget" only nine months since being approved.

Hinkley Point deal 'risky and expensive'
What is Hinkley Point and why is it important?
EDF is building two new reactors at Hinkley Point, which are expected to provide 7% of the country's electricity needs for 60 years.

France's state-controlled energy firm is funding two-thirds of the project, with China investing the rest.

A government spokeswoman said "the cost of construction, including any overruns, sits with the contractor".

"Consumers won't pay a penny until Hinkley is built; it will provide clean, reliable electricity powering six million homes," she said.

[LondonManc]

You'd blame Brexit for Wembley's spiralling costs if you could.

[WTFH]

First Northern Ireland gets and extra £1.5billion, then the French want an extra £1.5billion. Which country that our government has sold us out to will be next?

[BrilloPad]

Looks like the market for printing presses is booming. I bet they are German.....

[WTFH]

Looks like the market for printing presses is booming. I bet they are German.....

Printing presses may be German, but Magic Money Trees are Strong and Stable and very much Red, White and Blue.

[BrilloPad]

Printing presses may be German, but Magic Money Trees are Strong and Stable and very much Red, White and Blue.

Indeed. The USA has done no money printing. Neither has the EU. And the Swiss and Japanese have made no moves to buy foreign currency. Its purely a UK thing.

[original PM]

First Northern Ireland gets and extra £1.5billion, then the French want an extra £1.5billion. Which country that our government has sold us out to will be next?

NHS goes through about 1 billion a day - this is peanuts.

Get some perspective man.

[scooterscot]

NHS goes through about 1 billion a day - this is peanuts.

UK must be full of sick people. Brexiters no doubt.

Calling in sick? This country beats everyone

U.K. employees are world leaders at claiming sick leave, taking more than four times as many days off work than their global colleagues, according to new research by PwC.

The global professional services firm complied data from 2,500 companies across the world, and found that U.K. workers took an average of 9.1 days off sick per year. This was nearly double the 4.9 days U.S. workers took off, and four times as much as their counterparts in Asia-Pacific (2.2 days).

PwC (previously PricewaterhouseCoopers) calculated that sick days cost U.K. business nearly £29 billion ($43.8 billion) a year.

"U.K. companies are still far behind their global counterparts in minimizing the impact of sick days on their businesses. It is worrying that U.K. workers continue to take considerably more sick days than any other global workers," Jon Andrews, HR consulting partner at PwC, said in the report.

[BrilloPad]

UK must be full of sick people.

Poor management is more likely....