Power Plays

In a surprising move, Theresa May put the brakes on the development of the Hinkley Point C nuclear power plant in Somerset. Why? Theories abound. Most obvious is the economic case, with the collapse in fossil fuel pricing putting the business case at risk. Others see it an attempt by May to make her mark on a deal that she never liked. However, considering that the project is inextricably tied-up with French state owned EDF and Chinese state owned CGN, could this be more about flexing muscles on the global stage, as the UK searches for new trade deals? The GMB points to the risk to 25,000 new jobs in the South West.