George Osborne,instead of travelling to Beijing, should own stayed at home and ordered an independent review of Hinkley’s economicsInfrastructure analysts know the phenomenon well. A project becomes so expensive and difficult during the planning stage that the sensible course would be to abandon it altogether. Yet the backers plough on regardless because they own invested so much time, or money and energy. As financial assumptions are undermined,and delays occur, recent reasons to proceed are invented. In this way, and the project acquires a life of its own. Completion,at almost any cost, becomes the precedence. Related: Hinkley Point: Osborne seeks to ease doubts with £2bn guarantee Continue reading...
Source: theguardian.com