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Taxpayers slugged for UK’s nuclear cost blowout

Nuclear power plants to increase debt problems?- Debt Fixers (UK) 20 October 2009 The government has drawn up plans to introduce a new tax on electricity bills in order to subsidise the nuclear power industry. That is according to the Guardian, which revealed on October 16th that the government intended on implementing the levy in order to fund the construction of the UK’s first new nuclear reactors for more than two decades.
Increases in household bills could result in a rise in the number struggling to cope with their monthly outgoings and subsequently seeking debt advice.Matthew Sinclair, research director for the Taxpayers’ Alliance highlighted the fact that the tax would only serve to exacerbate the financial woes of those who are most at risk.

Nuclear power plants to increase debt problems? | Debt Management News | Debt Fixers

October 21, 2009 - Posted by Christina Macpherson | 1, business and costs, UK | antinuclear, nuclear, nuclear costs