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Chancellor Confirms Nuclear Plant At Sizewell C

UK

Chancellor Jeremy Hunt delivering the autumn statement: "...We need to go further, with a major acceleration of home-grown technologies like offshore wind, carbon capture and storage, and, above all, nuclear."

  • "So I can today announce that the government will proceed with the new plant at Sizewell C. Subject to final government approvals, the contracts for the initial investment will be signed with relevant parties, including EDF, in the coming weeks."
  • Hunt: "energy efficiency is just as important. So today, we set our country a new ambition: by 2030, we want to reduce energy consumption from buildings and industry by 15%."
  • Hunt: "In this Parliament, we’re already planning to invest, in energy efficiency, a total of £6.6bn. Today, I’m announcing new funding, from 2025, of a further £6bn – doubling our annual investment to deliver this new national ambition."
Homepagemarkets-real-timePolitical Market NewsPolitical RiskCommoditiesPolitical Risk BulletEnergy BulletsBank Of England (BOE) Market NewsBulletUK
Homepagemarkets-real-timePolitical Market NewsPolitical RiskCommoditiesPolitical Risk BulletEnergy BulletsBank Of England (BOE) Market NewsBulletUK

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