Subscribe to this blog's feedIt is a truth universally acknowledged that the only people that come up smelling of roses when there is debacle such as British Energy’s near collapse are the lawyers and accountants.
The government, in the shape of the then Department of Trade and Industry, spent more than £29 million on, ahem, advisers’ fees during restructuring of the stricken generator, plus £2.5 million on its own administrative costs. Those figures come from the latest report by the Commons Public Accounts Committee.
The great man’s maths puts that at £31.5 million. Subsequently, some £16.5 million was recovered from British Energy.
So the total damage to the public purse (i.e. your pocket and Disconnector’s) is a cool £15 million. That’s a significant amount of trousering by m’learn’d friends and the bean-counters.
Of course, there was a time when the “experts” talked about nuclear power as being too cheap to meter.
Yeah, right!
