HINKLEY POINT C

That this House judges the Chinese investment in Hinkley Point C to be an act of desperation to rescue the failed EPR design after all prudent investors, including Centrica, have fled; is appalled by catastrophic delays and financial losses at all other EPR reactors; notes that Flamanville is six years late and costs had tripled to 10.5 billion euros and the Finnish EPR is seven years late and four billion euros over budget; and believes gifting China with unparalleled rights over UK nuclear development will seriously debilitate the UK's future economy.