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No money for nuclear!

If the nuclear industry is not covering its costs then the government will be left with a shortfall which they will have no choice either to write off the debt or to pass that cost onto the consumer.

Nuclear Power : Not cheap, Not safe, Not Wanted No Money for Nuclear, Nov 2010, Welcome to No Money for Nuclear The No Money for Nuclear movement was formed to concentrate on one issue. Whether the level of support that the nuclear industry will receive for building new nuclear power stations is justified, especially when contrasted with the severity of public expenditure cuts already announced.

Look at the list below and see if you think that the government are correct in their priorities. For more examples see the Cuts News and Information and Sources pages.Cuts in Expenditure Support for Nuclear Power
Only in a few months time will we see the full impact of the Comprehensive Spenidng Review as more and more people are made unemployed and more and more services are lost or quality of service reduced. Here are some of the headline cuts already made:
£83 billion in cuts over the next four years

– £4.2 billion from the education capital budget, a cut of 60%

– £4.8 billion from the communities capital budget, a cut of 74%

These are not trivial cuts. They may well damage the economy in the long run, especially cuts in capital expenditure, which is money to “buy things” which have to be made or built by other people

It is estimated that the flat rate nuclear levy, in which the government recovers the cost of decommissioning and waste disposal over the first forty years of the life of the nuclear power station underwrites the cost of new build by over £1 billion per reactor. It also puts the public purse or the electricity consumer at risk. If the industry is not covering its costs then the government will be left with a shortfall which they will have no choice either to write off the debt or to pass that cost onto the consumer.

The coalition promised it would end the support for the nuclear industry’s insurance costs by underwriting their liability in the case of a nuclear accident, Now they have changed their minds and will undertake a costly and totally unnecessary consultation. Can we afford this vacillation?…..

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November 3, 2010 - Posted by Christina Macpherson | politics, UK | antinuclear, nuclear, nuclear costs, nuclear technology, reactors