NUCLEAR SUBSIDIES AND THE COALITION AGREEMENT

Early day motion 568, tabled 14 October 2013 by Paul Flynn (Labour). Signed by 17 members.

That this House recalls the Coalition Agreement said that new nuclear power stations would be permitted 'provided that they receive no public subsidy'; believes that the present proposed deals guarantee a fixed subsidy for 40 years at double the current cost of electricity; further notes that any future cost escalation will be paid for from the public purse as a subsidy; further notes that the current nuclear waste clean-up costs being met by taxpayers add up to over £75 billion; further believes that any deal done with Chinese financiers to support the building of nuclear power plants will inevitably result in massive future liabilities to British taxpayers; and calls on the Coalition to honour its own agreement and cancel all subsidies.

Signatures by party: Labour 9, Liberal Democrat 2, Social Democratic and Labour Party 2, Alliance 1, Conservative 1, DUP 1, Independent 1.