4 ms·
It's a job stimulus package, creating 10000 jobs and advertising this(whether or not it eventuates) is the reason for giving this project the green light.
by rbg246 6y ago
It's a job stimulus package, creating 10000 jobs and advertising this(whether or not it eventuates) is the reason for giving this project the green light.
- LatteLazy 6y agoI think you're right. Though for 2mil quid a job, we could have done better just picking people and sending them cheques imho...
- credit_guy 6y agoIt's a 10 year project. 2 mil becomes 200k per year. Still a lot, but then it's not really a purely job project. If you send 10000 people 200k per year you will end up with the same hole in your pockets of 20 billion after 10 years, but with a nuclear power plant less. And 10000 people with zero work experience.
- renewiltord 6y agoChances are that 10 years from now you're still going to be money in the hole with no nuclear power plant. Both scenarios have no plant after 10 years.
- Reason077 6y agoSizewell C will be a "carbon copy" of Hinkley Point C, with construction equipment and personnel moving over to Sizewell as Hinkley is finished. This should significantly reduce construction risk, as you have an experienced team who already understand how to build the thing.
- adrianN 6y agoWith 2 million in the bank you can easily retire to a low cost of living area. That's 50k for forty years.
- GlennS 6y agoThat's assuming no returns on investment. With £2 million you could spend £75,000 a year and reasonably expect to preserve your $2 million (and grow it by inflation) forever. (Going with 3.75% rule instead of usual 4% rule so you have a safety margin.)
- adrianN 6y agoI'm very conservative and don't assume that I can't beat inflation after taxes.
- rbg246 6y agoTrue but equally they might end up with a nuclear power plant at the end of it which means while they paid £200k peer year for each job they get an asset at the end albeit unknown how useful it will be or whether it gets finished
- deleted 6y ago[deleted]