Sizewell C nuclear power plant construction to cost £38bn as investors sign deal
The Government will become the biggest equity shareholder in the project with a 44.9% stake.
New Sizewell C investors include La Caisse with 20%, Centrica with 15%, and Amber Infrastructure with an initial 7.6%.
It comes alongside French energy giant EDF announcing earlier this month it was taking a 12.5% stake – lower than its previously stated 16.2% ownership.
Mr Miliband said: 'It is time to do big things and build big projects in this country again – and today we announce an investment that will provide clean, homegrown power to millions of homes for generations to come.
'This government is making the investment needed to deliver a new golden age of nuclear, so we can end delays and free us from the ravages of the global fossil fuel markets to bring bills down for good.'
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21 minutes ago
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Starmer: Palestinians have inalienable right to statehood
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Reuters
21 minutes ago
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South Wales Guardian
26 minutes ago
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Sir Keir said on Thursday that a ceasefire would provide a pathway to recognising a Palestinian state, as he faces calls to do so immediately. 'We are clear that statehood is the inalienable right of the Palestinian people. 'A ceasefire will put us on a path to the recognition of a Palestinian state and a two-state solution which guarantees peace and security for Palestinians and Israelis,' he said. Business Secretary Jonathan Reynolds said earlier that the Government was 'deeply committed' to recognition but that such a move would need to be 'meaningful'. Mr Reynolds told LBC Radio: 'Now, at the minute, there is not a Palestinian state there. There is no political agreement between the two principal Palestinian territories in the West Bank and Gaza.' He pointed to steps the UK has taken to ramp up pressure on Israel, including sanctioning two Israeli cabinet ministers and ending trade talks with Israel. 'And we do want to see Palestine recognised. I want that to be meaningful. 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It comes as the Archbishop of York, Stephen Cottrell, described the situation in Gaza as 'a stain on the conscience of the international community'. He said: 'With each passing day in Gaza, the violence, starvation and dehumanisation being inflicted on the civilian population by the government of Israel becomes more depraved and unconscionable.' Hamas-led militants based in Gaza abducted 251 people in the October 7 attack in 2023 that triggered the war and killed about 1,200 people. Fewer than half of the 50 hostages still in Gaza are believed to be alive.
