Nuclear Power

Desmond Swayne Excerpts

Monday 4th June 2018 Commons Chamber

[Greg Clark]

I recognise the support for the nuclear industry that the hon. Gentleman espouses. This is a statement about a very good development in a particular negotiation. He refers to the project at Moorside. As he knows, it is not at the same stage. We are responding to recommendations of the National Audit Office and the Public Accounts Committee to consider other financing models. It is the start of a negotiation, but I feel confident that we should take that step to commence.

[Sir Desmond Swayne (New Forest West) (Con)]

But it is a nationalisation, isn’t it?

[Greg Clark]

No. The NAO report noted that all major energy projects have some involvement with the state. That is a feature of the current market not just in this country but around the world. We want to drive the best value for money for both the taxpayer and the bill payer.