Magazine article Public Finance

Nuclear Clean-Up Needs More Cash

Magazine article Public Finance

Nuclear Clean-Up Needs More Cash

Article excerpt

Anti-nuclear campaigners have seized on a parliamentary report that highlights the parlous state of funding for nuclear decommissioning to attack the government's plans for nuclear expansion.

The report by the Commons business, enterprise and regulatory reform select committee said more taxpayers' money was likely to be needed to fund the National Decommissioning Authority. It said the £73bn nuclear clean-up was financially unsustainable and in urgent need of reform.

The MPs further warned that decommissioning on some sites was being hampered by changes to funding - a mixture of grant and commercial income.

Greenpeace senior nuclear campaigner Ben Ayliffe said the NDAs finances were in a 'terrible state'.

'Costs for nuclear waste are spiralling out of control and it is the taxpayer who has to foot the bill. …

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