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Lack Of Infrastructure Investment Could Leave Britain In The Dark

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http://www.independent.co.uk/news/business/news/lack-of-infrastructure-investment-could-leave-britain-in-the-dark-2351518.html

Britain faces a very real chance that the lights could go out in the next five to 10 years, as its ailing energy infrastructure struggles to attract the massive investment needed to ensure a reliable electricity supply, according to a warning by the CBI.

Companies named the potential absence of a secure, affordable energy supply as their biggest concern in a damning report published today by the employers' organisation and KPMG.

The report also finds that the UK's road and rail systems are falling further behind the EU average, while 58 per cent of respondents said that, overall, the country's infrastructure is more expensive, less reliable and inferior to that of the Continent.

It notes a clear deterioration in many aspects of Britain's infrastructure in the past five years, with potentially serious consequences for the economy.

The CBI's director general, John Cridland, said the task of revitalising Britain's infrastructure fell to the private sector, since it was vital to keep the country's AAA credit rating by cutting the public deficit. He urged the Government to think creatively about ways to unlock the billions of pounds held on companies' balance sheets to kick start a much-needed infrastructure financing revolution.

Would the banker bailout have covered this?

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the country's infrastructure is more expensive, less reliable and inferior to that of the Continent.

That's largely thanks to cretinous lobby groups (like the CBI) getting exactly what they asked for pumping up the land/property bubble and making investment more expensive, bad value for money and highly problematic at the planning stages (or impossible to push through becuase so many parties are balls deep in the property and land market that they will fight any and every proposal that changes the status quo.

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Would the banker bailout have covered this?

That blame goes straight to the Blair Feelgood. Years of lots of talk but no investment, and a policy enforced by the government through the regulator of keeping consumer prices unsustainably low.

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Classic Keynsian economics - we can pay for it with some of the surplus we saved up during the boom. rolleyes.gif

Except the last 30 years UK Govts have practiced anything but Keynesian Economics. Indeed they have done the complete opposite - raise spending, borrowing and cut taxes in a boom and lower spending in the recessions. Classic boom bust recipe.

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Hmm, I'm not so sure. The railways although expensive are generally better than 5 or 10 years ago.

This whole piece is written based on a press release from the CBI, so it's nothing more than VI scaremongering. "Lack Of Infrastructure Investment Could Leave Britain In The Dark" indeed. Or in other words, please Mr. Osbourne, give us some more!

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Hmm, I'm not so sure. The railways although expensive are generally better than 5 or 10 years ago.

This whole piece is written based on a press release from the CBI, so it's nothing more than VI scaremongering. "Lack Of Infrastructure Investment Could Leave Britain In The Dark" indeed. Or in other words, please Mr. Osbourne, give us some more!

Yes, good analysis IMO. I find it hard to remember that most of these 'news' pieces are regurgitated VI press releases.

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So the Indie is calling for more investment in infrastructure, but on the other hand they have published numerous articles attacking the hikes in domestic utility bills and all forms of transport cost (except motoring taxation) necessary to pay for it.

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The roads and railways are really not that bad (OK the railway has problems with price and crap under-sized rolling stock). Where there are road problems it's mostly another symptom of population density and therefore another argument to tackle that, alongside a few relatively local improvements. I'm a bit worried about the state of electricity infrastructure though. Should be OK if it stays together for long enough until the next batch of nukes are built.

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The roads and railways are really not that bad (OK the railway has problems with price and crap under-sized rolling stock). Where there are road problems it's mostly another symptom of population density and therefore another argument to tackle that, alongside a few relatively local improvements. I'm a bit worried about the state of electricity infrastructure though. Should be OK if it stays together for long enough until the next batch of nukes are built.

Problem is even the stop gaps are facing a lot of problems / potential problems

5GW of wind stuck in the planning system

Energy efficiency programmes facing the chop

Germany and Japan going anti nuclear all of a sudden means two richer bidders in the ring for all that LNG we are going to rely upon

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Problem is even the stop gaps are facing a lot of problems / potential problems

5GW of wind stuck in the planning system

Energy efficiency programmes facing the chop

Germany and Japan going anti nuclear all of a sudden means two richer bidders in the ring for all that LNG we are going to rely upon

Don’t worry. Electricity will be too cheap to meter soon

UK joins laser nuclear fusion project

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  • 343 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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