MOSCOW, 31 Aug – PRIME. Projects for nuclear power plants will be implemented faster amid the energy crisis in the country, according to the British newspaper Telegraph.
“Nuclear power plants could be launched on an accelerated basis with reshuffles in planning to try to alleviate the country’s energy crisis,” the publication said.
UK Housing and Utilities Minister Greg Clark said on Tuesday that major infrastructure projects will be implemented faster amid high inflation.
“Especially during a period of high inflation, everything needs to be done faster, otherwise the costs of large infrastructure projects will increase,” Clark said, his words are quoted on the official website of the British government.
According to the minister, shorter deadlines will be set for the consideration of nationally significant projects, which will speed up decision-making, as well as construction. In addition, decisions on minor changes to already approved projects can be made much faster, now it can take up to 16 months.
After the start of the special operation of the Russian Federation in Ukraine, the West increased sanctions pressure on Russia. The disruption of supply chains has driven up fuel and food prices in Europe and the US. In the UK, the rising cost of living has hit millions of households.
The Bank of England raised its base interest rate by a record 50 basis points since 1995, to 1.75% from 1.25% per annum. Now the rate is at its highest level since December 2008, when it was 2%. According to the Bank’s forecasts, the UK economy will enter recession from the fourth quarter of this year. The country is experiencing a wave of strikes amid record inflation. Railway employees, lawyers, airport employees, postmen and workers in other areas come out to protest.