nuclear-news

Sizewell C nuclear project proceeds by stealth – vast sums of public money spent, with no public disclosure about its true cost

1 The Autumn Budget includes a £14.1bn settlement for DESNZ in 2025/26,
which includes £2.7 bn for Sizewell C. This amounts to half the £5.5bn,
two year subsidy scheme published in August. The Chancellor chose not to
mention Sizewell C or nuclear energy in her speech to the House of Commons.

Stop Sizewell C said: “For a government that criticised the opposition
for playing fast and loose with the nation’s finances, the Chancellor is
surprisingly happy to do the same, allocating another £2.7 billion of
taxpayers’ money on risky, expensive Sizewell C, without making any
guarantee of a Final Investment Decision being taken.

Including £2.5 billion already spent, this means £5.2 billion of our money will be spent
on a project that cannot even help Labour achieve its energy mission, and
is looking increasingly toxic to private investors.”

The Chancellor also announced that David Goldstone has been appointed as the independent Chair of the “Office of Value for Money” within the Treasury. “Stop
Sizewell C urges David Goldstone to call in Sizewell C for immediate
scrutiny, as the project is currently proceeding by stealth. Despite almost
no public disclosure about its true cost or transparency about value for
money, vast sums of public money have already been spent on Sizewell C,
with the potential for billions more to be poured down the drain.”

 Stop Sizewell C 30th Oct 2024

https://stopsizewellc.org/

October 31, 2024 - Posted by Christina Macpherson | business and costs, politics, UK