Business

HS2 risks misjudged from the start, says watchdog

Image copyright Siemens/ PAImage caption A proposed design for an HS2 train No-one took full account of how complex and risky the HS2 high-speed rail project was likely to be, the government spending watchdog has said. The Department for Transport (DfT) and HS2 Ltd did not allow for all uncertainties when estimating initial costs, the […]

Business

Rolls-Royce plans mini nuclear reactors by 2029

Image copyright Rolls-Royce Mini nuclear reactors could be generating power in the UK by the end of the decade. Manufacturer Rolls-Royce has told the BBC’s Today programme that it plans to install and operate factory-built power stations by 2029. Mini nuclear stations can be mass manufactured and delivered in chunks on the back of a […]

Business

Greta Thunberg: US treasury chief attacks activist

Image copyright Reuters Greta Thunberg should go away and study economics before lecturing investors, the US treasury secretary has said. Steven Mnuchin said the activist’s call for investors to divest fossil fuels showed a lack of understanding about the economy and jobs. “After she goes and studies economics in college, she can come back and […]

Business

South Western Railway warned it could be placed in public hands

Image copyright PA MediaImage caption The transport secretary said South Western Railway’s performance was “significantly below expectation” A rail firm could be taken in to public ownership should it fail financially, the government has said. Transport Secretary Grant Shapps said South Western Railway’s (SWR) franchise was now “not sustainable in the long term” The company […]