Lord Howell: Thatcher’s energy plan was derailed – now we are paying a gigantic price. Short-termism prevailed in the push for nuclear power. Oil and gas prices, having soared, came down sharply, as they always do, and the economics of building nuclear giants looked less and less attractive. Add to that, there were plans afoot for privatising the whole electricity industry, and more nuclear stations were seen as making the task of selling the system to the private sector far … read more »
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