EEF blog  Insights into UK manufacturing  Why does everything
cost £1bn pounds?  Jeegar Kakkad July 23, 2009 17:05  Is it just
me or does everything cost a billion quid these days?  A new
high speed rail? £1.1 billion pounds, please, over the next
decade.  A shiny new Innovation Investment Fund to finance
start-ups and new technologies? That'll be a billion bob over
ten years.  The Energy Technology Institute? Hoping to raise one
billion in the next decade.  Carbon capture and storage
demonstraters? A billion a pop...over 10 years.  Investing in
low-carbon cars? Why you need at least a billion over 10 years.
A new bank for industry? The CBI suggest a billion in capital
should do the trick.  A billion here, a billion
there...eventually it adds up to real money.  How would you
spend a billion pounds?  Me? I'll be scrounging around for spare
change to fund EEF's £1bn low-carbon energy 'X' Prize.
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