Nils Pratley

United Kingdom

Financial Editor at The Guardian

Nils Pratley is the Guardian's financial editor.

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Articles

HS2: a complete failure by the British state and its politicians

1 week ago | theguardian.com | Nils Pratley

When was it obvious that HS2 was an economic turkey at risk of becoming “an appalling mess”, as transport secretary Heidi Alexander described today’s position? A fair case can be made for 2013, a year of two neon-lit warnings of trouble ahead. One was a scathing report on HS2 from the National Audit Office (NAO), the first of many, when the project was still at the planning stage.
HS2: a complete failure by the British state and its politicians

1 week ago | inkl.com | Nils Pratley

Plans for HS2 to run to Leeds and Manchester have been dropped, thanks to out of control costs. Photograph: Toby Melville/Reuters When was it obvious that HS2 was an economic turkey at risk of becoming “an appalling mess”, as the transport secretary, Heidi Alexander, described today’s position? A fair case can be made for 2013, a year of two neon-lit warnings of trouble ahead.
Metro Bank sobers up and attracts a suitor | Nils Pratley

1 week ago | theguardian.com | Nils Pratley

Some departures from the shrinking London stock market hurt more than others. It is doubtful that Metro Bank, if it’s about to fall to an approach from a London private equity firm, will be mourned by those shareholders on the wrong end of the wild ride for the shares from £20 at listing in 2016, to £40 two years later, to a plunge and painful recapitalisation at just 30p in 2023.
Great British Energy’s budget has been nuked

2 weeks ago | msn.com | Nils Pratley

Microsoft Cares About Your PrivacyMicrosoft and our third-party vendors use cookies to store and access information such as unique IDs to deliver, maintain and improve our services and ads. If you agree, MSN and Microsoft Bing will personalise the content and ads that you see. You can select ‘I Accept’ to consent to these uses or click on ‘Manage preferences’ to review your options and exercise your right to object to Legitimate Interest where used.
Great British Energy’s budget has been nuked

2 weeks ago | theguardian.com | Nils Pratley

There was a weirdness in the government’s welcome announcement earlier this week that Rolls-Royce SMR had been selected as preferred bidder to build the UK’s first small modular nuclear reactors, and that £2.5bn of public money would be thrown behind the project. The government body backing the project was something called Great British Energy – Nuclear.
Great British Energy’s budget has been nuked

2 weeks ago | inkl.com | Nils Pratley

A digital cutaway visualisation of the small modular nuclear reactor planned by Rolls-Royce SMR. Illustration: Rolls-Royce SMR There was a weirdness in the government’s welcome announcement this week that Rolls-Royce SMR had been selected as preferred bidder to build the UK’s first small modular nuclear reactors, and that £2.5bn of public money would be thrown behind the project. The government body backing the project was something called Great British Energy – Nuclear.
Sizewell C is needed – but critical cost numbers are still missing | Nils Pratley

2 weeks ago | theguardian.com | Nils Pratley

Sizewell C must be the most-announced nuclear power station in history. It feels as if every energy secretary in the last half-decade, facing up to the reality that most of the existing nuclear fleet will be going offline by the early 2030s, has endorsed the Suffolk plant and hailed it as marking the dawn of a new era for the industry. “A golden age for clean energy abundance,” was Ed Miliband’s version on Tuesday.
Sizewell C is needed – but critical cost numbers are still missing

2 weeks ago | inkl.com | Nils Pratley

The energy secretary, Ed Miliband, says, as Sizewell C will be the same type of reactor as Hinkley Point C, it can be built more cheaply. Photograph: Kirsty O’Connor/Treasury Sizewell C must be the most-announced nuclear power station in history.
Thames Water’s creditors are being too greedy | Nils Pratley

2 weeks ago | theguardian.com | Nils Pratley

If you would kindly rip up the regulatory system, move the goalposts on sewage and spills and promise not to fine us too much, we’d be delighted to rescue Thames Water. If these requests cause you political difficulty, dear secretary of state, consider how much worse it could be if you end up controlling this failing company yourself. Do you really wish to be responsible for every burst water main in London and every drop of effluent in Didcot?
Wise goes to the US. Will its founder’s supercharged voting rights follow?

3 weeks ago | msn.com | Nils Pratley

Microsoft Cares About Your PrivacyMicrosoft and our third-party vendors use cookies to store and access information such as unique IDs to deliver, maintain and improve our services and ads. If you agree, MSN and Microsoft Bing will personalise the content and ads that you see. You can select ‘I Accept’ to consent to these uses or click on ‘Manage preferences’ to review your options and exercise your right to object to Legitimate Interest where used.