City institutions have been taking a keen interest in the Tideway’s progress. Investors are intrigued by the novel way the £4.2 billion project was financed. The method has been seized on by the government to kick-start a £100 billion-plus splurge on new nuclear power stations, a move that could create a giant new market in infrastructure investment. The not-so-magic ingredient is asking customers to pay more up front and to guarantee payments in the future. Kwasi Kwarteng, the business secretary, … read more »
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