BRFR Cake Stop 'breaking news' miscellany

[PurplePenguin]

They didn't do the deal assuming it was bad, it became a bad deal because of technical issues they didn't forsee.

So they got burnt and don't want to do it again. The UK government should infer something from that

 

[First Aspect]

So they got burnt and don't want to do it again. The UK government should infer something from that

They have. They've decided to go with an existing design this time.

 

[Ian H]

Don't forget that nuclear fusion is only 25 years away (as it has been for the last 50 odd years).

 

[PurplePenguin]

They have. They've decided to go with an existing design this time.

No, the contract is fundamentally different. EDF will make sure the UK government pays for cost overruns this time, and there will be lots of them

 

[Pblakeney]

No, the contract is fundamentally different. EDF will make sure the UK government pays for cost overruns this time, and there will be lots of them

Unforeseen overruns are so predictable. 😉
They happen on every government project.

 

[First Aspect]

No, the contract is fundamentally different. EDF will make sure the UK government pays for cost overruns this time, and there will be lots of them

I wasn't referring to the contract. It's not going to be built of paper.

It's going to be the same design as the one currently being built. Much lower risk.

 

[PurplePenguin]

I wasn't referring to the contract. It's not going to be built of paper.

It's going to be the same design as the one currently being built. Much lower risk.

If it was lower risk they would follow the same CFD structure as last time. They are making it lower risk for themselves by transferring that risk to the UK government.

 

[First Aspect]

It's not binary is it? You are just getting silly if you are suggesting that the second build of something is the same risk as the first. In fact there are parts of that plant that will be third to be built.

 

[briantrumpet]

Is it just possible that the 'exodus' of millionaires was a bit of misinformation by people not wanting taxes on very rich people to go up? I mean, perish the thought...

https://bylinetimes.com/2025/06/10/...media-told-you-about-never-actually-happened/

Media reporting widely blamed the alleged millionaire exodus on tax policies in the same year that calls for a wealth tax on the super-rich gained unprecedented momentum globally.

The media reporting was equivalent to 30 news pieces a day on the “non-existent” millionaire exodus across 2024.

Reviewing the full period from 2013 to 2024 for which the Henley report presents estimates on millionaire migration, the Tax Justice Network found that millionaire migration rates consistently stood at near-0% for every year.

Academic studies consistently show that it is very rare for wealthy people to relocate countries – uprooting their families – simply due to tax policy.

Henley’s estimates reveal a picture that is “at complete odds with the report’s narrative and media coverage: millionaires are highly immobile, and nearly 100% of millionaires have not relocated to a new country since 2013, if Henley’s estimates are to be taken at face value,” the TJN report’s authors say.

 

[First Aspect]

Well you might be right. I mean, Stevo is still here isn't he?

 

[PurplePenguin]

It's not binary is it? You are just getting silly if you are suggesting that the second build of something is the same risk as the first. In fact there are parts of that plant that will be third to be built.

In theory, practice is the same as theory, in practice, it isn't.

Looking at some of the costs, it's even worse than I thought. The estimated build cost is £20-£40 bn. The UK government is committing £14bn to get it started, so they need to find a large chunk of change at some point. EDF is not allowed any more UK exposure following the whoopsie at Hinckley.

 

[First Aspect]

In theory, practice is the same as theory, in practice, it isn't.

Looking at some of the costs, it's even worse than I thought. The estimated build cost is £20-£40 bn. The UK government is committing £14bn to get it started, so they need to find a large chunk of change at some point. EDF is not allowed any more UK exposure following the whoopsie at Hinckley.

And if they can't find the rest it won't happen.

Fair bet to any engineer that the second time is easier than the first.

 

[briantrumpet]

Oh FFS, now the loons are claiming that the smoke haze from the Canadian wildfires that is over France is 'geo engineering', not smoke from the Canadian wildfires.

If you FB:
View: https://www.facebook.com/ventusky/posts/pfbid0ibUy4gTK9o1q8qGQbJM2A1W4WmbRzC5yCodo9V8sTBFGRUzjSvguZT9bGyQC7TRXl

 

[briantrumpet]

Fair.

 

[PurplePenguin]

Fair.

View attachment 8601

Is this the first time you have found a Brexit benefit?