Britain needs nuclear power. Our nuclear projects are the most expensive in the world and among the slowest. Regulators and industry are paralysed by risk aversion. This can change. For Britain to prosper, it must.
Earlier this year, the Prime Minister appointed me to lead a Taskforce to set out a path to getting affordable, fast nuclear power Britain.
Our final report today sets out 47 recommendations, among them:
- Creating a one-stop shop for nuclear approvals, to end the regulatory merry-go-round that delays projects at the moment.
- Simplifying environmental rules to avoid extreme outcomes like Hinkley Point C spending £700m on systems to protect one salmon every ten years, while enhancing nuclear's impact on nature.
- Limiting the ability of spurious legal challenges to delay nuclear projects, which adds huge cost and delay throughout the supply chain.
- Approving fleets of reactors, so that Britain’s nuclear industry can benefit from certainty and economies of scale.
- Directing regulators to factor in cost to their behaviour, and changing their culture to allow building cheaply, quickly and safely.
- Changing the culture of the nuclear industry to end gold-plating and focus on efficient, safe delivery.
If the government adopts our report in full, it will send a signal to investors that it is serious about pro-growth reform and taking on vested interests for the public good.
A thriving British nuclear industry producing abundant, affordable energy would be good for jobs, good for manufacturing, good for the climate, and good for the cost of living. And it could enable Britain to become an AI and technology superpower.
Britain can be a world leader in this new Industrial Revolution, but only if it has the energy to power it.
Our report is bold, but balanced. Our recommendations, taken together and properly implemented, will forge a clear path for stronger economic growth through improved productivity and innovation. This is a prize worth fighting for.
https://t.co/9wPTtkTDMU
Okay we’ve announced it. We’re building a city. The first major city in the UK for fifty years. And we want the Labour government to back it. We’ve already got amazing prominent supporters. But we need everyone to sign the pledge first to prove real demand. Sign it and read more in the link below!
It’s #WhaleSharkDay Here’s to all the brilliant scientists out there trying to unravel the mysteries they still hold. Been lucky to dive with these wonderful big fish all over the world, but #StHelena beats them all for size and number!
The winner of this week's @BCGPro Gag-a-Week competition is @BennetKav, with this joke on our science theme. Enter this week's contest here: https://t.co/3PNFPz8f0h
This is a 393-years old Greenland Shark that was located in the Arctic Ocean. It's been wandering the ocean since 1627. It is the oldest living vertebrate known on the planet.
Photo by Julius Nielsen.
I'm having trouble concentrating on science animations right now, so instead here are some screenshots from my favourite document on the planet.
These are taken from a 'work in progress' document from Pepsi's 2008 rebrand. Every figure is as incomprehensible as this one. 1/23
The amount of funding that the vast majority of businesses need right now to stay solvent: less than £15k.
At Funding Xchange we are using our data to understand shifts in the market to help bring much needed solutions to small businesses. We are workin…https://t.co/4TE81dXtxs
£500,000 of funding is available for technology companies who come up with digital support solutions for people who need to stay at home because of coronavirus https://t.co/ByN4dkuGK1
📢 The Coronavirus Business Interruption Loan Scheme opens for applications today 📢 #CBILS
Find out more and details of how to apply https://t.co/AntHv9xBN9
How the UK economy can survive the coronavirus.
This is what the Chancellor needs to do today to save businesses and protect incomes. https://t.co/kTikPTTaG2
Too many SMEs don’t understand their financial options. If your business has never used finance to help scale up then you’re not alone. We've just published a FREE guide to help you learn about the range of debt finance options available: https://t.co/He1q0x7gDp #SMEs#GFGuide20
"You know me, he seemed to say. I’m not perfect — 'I know I haven’t always got it right' — and I’m humble enough to recognise it. And you know me well enough 'to trust that the woman I chose as my wife upholds the same values I do'." https://t.co/dWAHHmYmHO