2% = 30 Bln. His previous estimate was £200 Bln?? = 13% GDP (Assuming 1.5 Trn) So I have to agree on that nose extension.From the speech:"Half of my Department’s annual budget is spent cleaning up after past generations of nuclear and coal. Next year, it will reach two-thirds." Socialisation of the real (dirty) energy industry costs... So we pay either way.
shame to have such numpties in charge though, eh?
As has been said - he is a luhnatic.
Timbo - I am guessing he means 2% per annum !?a percent here, a percent there, pretty soon it adds up to real money ...who knows: it's all sophistry & ratiocination: his counterfactuals are very suspectit'll all be overtaken by the oil price, anyhow: I just hope this will be sooner rather than later
@ND Yes - punishment to self: Write out 100 times "Do not post in blogs before 2nd cup of coffee". I know it was half ten - had lie-in :)7 years ish - but it's still 13% taken out of GDP in that time[squirms]. :)
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