Discussion about this post

User's avatar
WJM's avatar

Nuclear upfront cost is high but falling as technology leads to scalable power plants, right?

In any case, as you say, capital is not the issue. Capital can be very patient, especially in a world of very low interest rates that still seems to be the desired norm. The issue is regulation, in other words government. Always government.

Expand full comment
Nickrl's avatar

David delighted you have produced this post and shone a spotlight on this and give me plenty of factual information to respond to those that are repat verbatim the fossil fuel subsidy narrative.

Looking ahead as they force out fossil fuels, well attempt to which will fail, have they not realised what a huge source of income the govt will lose which will need replacing. My bet is VAT will go up on gas for sure and in due course followed by electricity when they've squeezed that pip dry as well.

On VAT on fuel UK consumed 46B Litres of petrol & diesel last year so at avg of 1.32 would be £12B as im pretty sure VAT is levied on the wholesale price+duty. Also as an aside road fuel use isn't going down so not sign of EVs displacing it yet!

Also they are introducing road tax on EVs from April 25.

There aint no free lunch in this world.

Expand full comment
34 more comments...

No posts