Government commits to multi-billion spend on nuclear energy
Video Credit: ODN - Duration: 04:17s - Published
Government commits to multi-billion spend on nuclear energy
Chancellor Rachel Reeves has signed off on £14.2 billion of investment to build the new Sizewell C nuclear power plant in Suffolk, while Rolls-Royce has been named as the preferred bidder to build small modular reactors (SMRs) in a programme backed by £2.5 billion of taxpayers' cash.
It follows the government’s U-turn yesterday on winter fuel payments and comes the day before the chancellor’s spending review.
Report by Jonesia.
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Sizewell C nuclear power plant construction to cost £38bn as investors sign deal. Chancellor Rachel Reeves said the development would reduce the UK’s reliance on “foreign dictators” for energy. Report by Gluszczykm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Rachel Reeves unveils proposals to reform the UK’s financial sector and boost the economy and retail investment. The chancellor was speaking at the annual Financial & Professional Services Dinner at Mansion House in the City of London on Tuesday. Report by Gluszczykm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Shadow Business Secretary Andrew Griffith calls on chancellor Rachel Reeves to rule out tax rises on wealth creators ahead of her Mansion House speech this evening – warning that ‘another summer of uncertainty’ is ‘putting job hiring and investment on hold’. Report by Gluszczykm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Chancellor Rachel Reeves says it is "clear" she was "upset" at PMQs on Wednesday, adding the reason she was tearful was down to a "personal issue". Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Sir Keir Starmer promised there would be no more “dithering” about backing nuclear power as the Government committed to the Sizewell C plant. The prime minister said the “change of mindset” would help free the UK from reliance on international fossil fuel markets and prevent price spikes such as those in the wake of Vladimir Putin’s invasion of Ukraine. Speaking at a college in Ipswich, Sir Keir said: “No more dithering, no more delay, no more being unclear about what we’re going to do, a real statement of intent as we go forward.” Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Rachel Reeves told the GMB Congress Labour is “investing in the biggest roll out of nuclear power in a generation,” announcing £14.2 billion for Sizewell C. She said energy security is “national security” and confirmed support for small modular reactors and fusion. The Sizewell project will power six million homes and create 10,000 jobs, including 1,500 apprenticeships. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Ed Miliband says the government’s investment in Sizewell C is “the biggest nuclear building programme in more than half a century” which will create 10,000 jobs and help tackle the climate crisis. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Prince William visits the Army Air Corps in Suffolk for the first time since becoming Colonel-in-Chief in 2024. His Royal Highness served sandwiches to service personnel and their families before departing in a helicopter. Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
As the LaRouche Organization and the Schiller Institute mobilize internationally with the leaflet “Will There Be Thermonuclear Fireworks By the Fourth of July?” It becomes clearer, with each..
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