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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Chancellor Rachel Reeves refuses to be drawn on tax plans ahead of the autumn budget but insists her “key focus” is to “boost productivity and growth”. Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Chancellor Rachel Reeves welcomes the latest ONS GDP figures which show the UK economy grew by 0.3% between April and June, describing them as “encouraging numbers”. Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Chancellor of the Exchequer Rachel Reeves arrives at Stormont for talks with Northern Ireland Deputy First Minister Emma Little-Pengelly and Finance Minister John O'Dowd.
Report by Etemadil. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Chancellor Rachel Reeves shares positive news from the labour market data released today, noting 384,000 more jobs since she took office despite a slight unemployment increase. She acknowledges more work is needed to get everyone who can work back into employment.
Report by Etemadil. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
On a visit to Belfast, Chancellor Rachel Reeves emphasised significant investment in Northern Ireland as part of the government’s commitment to balanced economic growth across the UK.
Report by Etemadil. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
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 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..
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..
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