From the J&P Transformer Book: (Twelfth Edition - Martin Heathcote)
The subject of neutral earthing is a complex one and, whenever discussed by electrical engineers, views are varied and discussion lenghthy. Practices vary in different countries, and even within different utilities in the same country.
Guiding principles in relations to earthing in the UK are determined by statue, in the form of the Electricity Supply Regulations of 1988. Part II of the regulations says that:
•Every electrical system rated at greater than 50V shall be connected to earth.
•How that earth connection is to be made differs between high-voltage and low-voltage systems.
In the UK, non-uniform insulation is used for system voltages of 132kV and above.
A stable earth fault on one line of a system having an isolated neutral raises the voltage of the two sound lines to full line voltage above earth, which is maintained so long as the fault persist. The isulation of all equipment connected to the sound lines is subjected to this higher voltage, and although it may be able to withstand some overvoltage, it will eventually fail. In extra-high-voltage systems, because of capacitance evects, the voltage of the two sound lines may, initially, reach a value approaching twice the normal line voltage by the same phenomenon as that of voltage doubling which takes place when switching a pure capacitance into circuit, and the insulation of the system will be correspondingly overstressed.
Hope above info/quote is helpful
Regards
Ralph