George Osborne, instead of travelling to Beijing, should have stayed at home and ordered an independent review of Hinkley’s economics

Infrastructure analysts know the phenomenon well. A project becomes so expensive and difficult during the planning stage that the sensible course would be to abandon it altogether. Yet the backers plough on regardless because they have invested so much time, money and energy. As financial assumptions are undermined, and delays occur, new reasons to proceed are invented. In this way, the project acquires a life of its own. Completion, at almost any cost, becomes the priority.

Related: Hinkley Point: Osborne seeks to ease doubts with £2bn guarantee

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Source: Guardian Environment