NUCLEAR SUBSIDIES AND THE COALITION AGREEMENT

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.