The Growth Plan Debate

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Department: HM Treasury

The Growth Plan

Alberto Costa Excerpts
Friday 23rd September 2022

(1 year, 9 months ago)

Commons Chamber
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Kwasi Kwarteng Portrait Kwasi Kwarteng
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It is not about dogma and deregulation. In fact, I campaigned for the eco and energy efficiency measures when I was Business Secretary and ensured that there was reference in the growth plan to the eco plan. We may well expand that at a future date.

Alberto Costa Portrait Alberto Costa (South Leicestershire) (Con)
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Nuclear power must form part of a diversified energy portfolio. I welcome the measures the Chancellor has announced today, particularly accelerating energy infrastructure. Will he say a few words on whether his welcome package includes accelerating modular nuclear reactors, which are the future of the nuclear industry?

Kwasi Kwarteng Portrait Kwasi Kwarteng
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I was very focused on small modular reactor production when I was BEIS Secretary, as my hon. Friend knows, and I want to bring the thinking about that into the heart of the Treasury. There are still negotiations to be had, but he is absolutely right that SMRs and nuclear are part of our energy mix in the future.