US EditionUK pledges £11.5bn of new state funding for Sizewell C nuclear plant
- Chancellor Rachel Reeves will confirm a £14.2 billion funding commitment for the Sizewell C nuclear plant in Suffolk at the GMB union congress on Tuesday.
- This announcement follows the Conservative government’s 2022 buyout of the Chinese stake and January 2024 approval to start construction of Sizewell C, intended to create thousands of jobs.
- Sizewell C aims to generate power for six million homes and support 10,000 jobs including 1,500 apprenticeships, with £330 million of contracts signed with local firms.
- Rachel Reeves called this the 'biggest nuclear building programme in a generation' and a 'landmark decision,' while Energy Secretary Ed Miliband described it as essential to achieving a 'golden age' of clean energy.
- The project faces opposition over costs, delays, and consumer bills, with critics warning negotiations remain incomplete and the government risks offering generous deals that may undermine value for money.
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DECRYPTAGE - London announced a public investment of £14.2 billion for the EPR of Sizewell C.
·Paris, France
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In the United Kingdom, the Minister of Finance has to reveal the budgetary direction of the various ministries for the next few years. Rachel Reeves should first announce new budgetary restrictions – she has made the consolidation of public finances her goal – but, in recent days, investments have been announced upstream. Among them, the injection of 16 and a half billion euros into a new nuclear power plant.
·Paris, France
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Total News Sources47
Leaning Left9Leaning Right6Center8Last UpdatedBias Distribution39% Left
Bias Distribution
- 39% of the sources lean Left
39% Left
L 39%
C 35%
R 26%
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