Smoke and mirrors in Osbourne's statement?

see:
http://www.guardian.co.uk/business/2...ent-collapses?

"Battersea Power Station calls in administrators

Battersea Power Station is going into receivership, with its £5.5bn
development scheme in tatters, two days after George Osborne and Boris
Johnson posed in hardhats to announce an enterprise zone and tube
extension to the listed building.

In one of the highest-profile property collapses since the credit
crunch, Battersea's creditors have secured a high court hearing on 12
December to confirm Ernst & Young as administrators."


Jim Chisholm