Yes, but May is upset about the Chinese being involved, and I am not sure I blame her. But that is the deal that has been made to ensure that bankers can make huge sums out of it.
Which you know is the only real purpose of Tory infrastructure projects.
Not just the issue of the Chinese; there is also the potential eyewatering public costs to guarantee the EDF's long-term profits on the deal - without which EDF won't play.
Behind which is the basic problem that EDF have no confidence that their design will work, and can be built within budget cost.
There certainly needs to be a solution to provide a source of 'green' power to the country long-term. Its just that this likely isn't it.
--- old post above --- --- new post below ---
Why does it need partners?
You can do interventionism without localism quite easily.
Localism is an excuse to create talking shops that exist for the sole purpose of avoiding actually doing anything to hold down public borrowing figures and such.
You don't need to talk to locals about infrastructure for example, I could lay out a high speed line or motorway without ever actually visiting a place or talking to anyone from it. Computers and the internet have made that possible.
it is looking as though the issue of local development partners is where the new administration has so far been unable to establish how it intends to proceed.
Osborne linked Treasury participation in local development investment to the adoption of a local structure of elected City Mayors. The political problem is that this model only really works for City Regions - which are mainly solid Labour strongholds. Local Tories have been keen for shire counties to get their noses in this trough; but they are - without exception - absolutely against elected county 'mayors'. Whitehall has no confidence at all in the shire administrations; and would stongly resist any suggestion that they be granted the sort of 'Earnback' access to central funding that has been allowed to the GMCA.
But Whitehall has also closed down, stripped out - and if possible sold off - all its direct investment delivery agencies - Atomic Energy Authority; Govermnent Offices for the Regions; Regional Enterprise Boards. If an interventionist central government were to seek to deliver infrastructure planning directly, they would have to start again from scratch (and eat a lot of humble pie).
There is a limitation on how far the current lot can get away with 'Blame it all on Osborne'; as this may well transmute into 'Blame it on the Tories'.
Last edited: