nuclear-news

Brexit blamed for delays to nuclear power project

EDF’s former CEO had pledged christmas turkeys would be cooked by the plant by 20172

i By Ben Gartside, 24 Jan 24

The UK’s premier nuclear power project could be delayed by another four years as costs continue to balloon, with Brexit cited as a major factor………………According to EDF, the French firm in charge of developing the site, issues on the project had been caused by Brexit, the Pandemic and inflation…………………………………………………….

How has Brexit affected construction costs?

Developers have been hit hard by both the Covid pandemic and soaring energy prices. Tim Heatley, co-founder of Manchester-based Capital&Centricm, said Brexit had also been a “major factor”.

He previously told i: “On the surface there doesn’t seem as much jeopardy in construction as car manufacturing – you can’t outsource building new homes to Asia.

“But, I’d argue, we’re facing even bigger economic consequences if we don’t get things under control.”

“Both construction material and labour costs have rocketed here way more than EU countries, so Brexit must be a major factor.”

A report published in 2023 found that between 2015 and 2022 the cost of construction materials including cement, timber and steel increased by 60 per cent in the UK compared to 35 per cent in the EU……………………..  https://inews.co.uk/news/brexit-blamed-delays-nuclear-power-lower-energy-bills-2871548—

January 28, 2024 - Posted by Christina Macpherson | politics international, UK