M

Member

Speaking in the House of Lords on 3 December 2024

Debate

Great British Energy Bill

Contribution

On nuclear power, I say to the noble Earl, Lord Russell, that the Budget provided additional funding for Sizewell C for the next financial year, and we are engaged in the final investment decision over the next few months. We have the SMR programme—money has been allocated to Great British Nuclear—and then potentially AMRs ahead. Clearly, that is an identified spending stream for the future. It would be unnecessarily constraining to say that GBE could not go into the nuclear field at all, but I take the point he raised about CCUS and nuclear energy. I would not want to preclude GBE from going there if it thought that was a wise thing to do.

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