Letter Dr Oliver Mahony: According to Andrew Ward, (“Public finance considered at Welsh site”, December 16), “UK taxpayers’ money will not be at risk in the Hinkley project”. This is not the case. The government has pledged a £2bn guarantee on financing the investment, which has the prospect of rising over time. While this support has been achieved “off balance sheet” to avoid adding to the ever-growing national debt, the liability for the taxpayer is much the same.
FT 3rd Jan 2017 read more »