On a visit last week to the windswept site of Britishvolt’s future “gigafactory” in Northumberland, executive chairman Peter Rolton was defiant: “I don’t want to sell this site and I don’t want to give [it] away.” The £3.8 billion project to make batteries for electric cars was running into trouble, and he said “rampant inflation and rising interest rates” were to blame.
It was just a bad idea that survived so far on politics, not business nor economics. And politics is a flimsy base for a business…..