Nuclear Sector Deal

Nick Smith Excerpts
Thursday 28th June 2018

(6 years, 4 months ago)

Commons Chamber
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Sam Gyimah Portrait Mr Gyimah
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Nor had I been aware of the hon. Gentleman’s distinguished career, Mr Speaker—you learn something new every day in this House.

I can give the hon. Gentleman the assurance that safety is absolutely paramount in the plans that the Government have. On the tidal lagoon, the proposed programme would have cost the average household consumer up to £700 between 2031 and 2050. Each week in this House, there is a question about what we are doing to bring down the cost of energy. We are not against tidal lagoons, but we cannot support every project at any price, and that is why we made the decision that we did.

Nick Smith Portrait Nick Smith (Blaenau Gwent) (Lab)
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This is a good nuclear sector deal, but are tidal lagoons totally off the agenda now?

Sam Gyimah Portrait Mr Gyimah
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As I said, we are not against tidal lagoons, but they must demonstrate value for money for consumers and public funds.