The UK has officially won the dubious title of “world’s most expensive place to build a nuclear plant.” (Semafor)
A new government report argues the industry is hamstrung by a web of red tape that offers “multiple points of veto,” recommending that the entire oversight regime needs to be scrapped and replaced.
It’s not just a British problem: The report notes that in the US and elsewhere, costs keep climbing because regulators force any savings from tech improvements to be immediately reinvested into new safety measures—meaning the price tag only ever goes up.
