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NUCLEAR SUBSIDY

EDM (Early Day Motion) 1198: tabled on 14 March 2013

Tabled in the 2012-13 session.

This motion has been signed by 8 Members. It has not yet had any amendments submitted.

As this motion is using historical data, we may not have the record of the original ordering, in which case signatories are listed alphabetically.

Motion text

That this House seeks clarification of reports that the Government has abandoned its no-nuclear subsidy pledge and is about to agree a 35-year subsidy to French energy group EDF to build new nuclear power stations at a strike price double that originally proposed; believes that it is unwise to commit UK taxpayers to a subsidy of £30 billion in the short-term and £150 billion in the long-term for EDF which is currently £33 billion in debt; notes the improved competitive position of the US because of falling energy prices; and believes that a prolonged deal with EDF would seriously disadvantage the UK economy for decades.