We missed a golden opportunity with North Sea oil. Coinciding with the decades when we built our only modern technology nuclear power station, Sizewell B, the income from the oil, being a windfall, should have all been used to build a whole new generation of nuclear power stations to take care of the future. Instead we squandered the money on unsustainable higher living standards, Thatcher's experiments in social engineering and the unnecessary Falklands war.It's a pity the UK couldn't have planned for the future, though, rather than having to be dragged into it kicking and screaming.
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