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British MPs slam £25billion nuclear power station plan

MPs attack ‘desperate’ £25bn Hinkley nuclear power station plan http://www.thisismoney.co.uk/money/news/article-3298926/MPs-attack-desperate-25bn-Hinkley-nuclear-power-station-plan.html By NEIL CRAVEN, FINANCIAL MAIL ON SUNDAY, 1 November 2015 A group of MPs have slammed a plan to build a £25billion nuclear power station, as opposition to the Government’s nuclear energy policy gathers steam.

An Early Day Motion that calls the plan to build at Hinkley Point, in Somerset, as ‘an act of desperation’ has been signed by 16 MPs in just 10 days.

Paul Flynn, MP for Newport West, which lies across the Bristol Channel from the planned site, has tabled the motion.

It says that similar reactors in France and Finland have suffered ‘catastrophic delays and financial losses’.

Experts also say the plan could cost billions more than expected and produce electricity that is far more expensive than market rates.

French energy firm EDF and China Nuclear Power Corporation agreed last month to build the plant. But criticism has come from all sides.

Chancellor George Osborne’s father-in-law Lord Howell of Guildford described the scheme as ‘one of the worst deals ever’ for British consumers and industry.

November 2, 2015 - Posted by Christina Macpherson | politics, UK