Bankrupting the UK with Uranium Fuelled Nukiller

The following is an extract from Richard Murphy’s blog on the insanity of the nuclear boondoggle

A look at the National Grid Live right now shows that nuclear is providing 3.09 GW of electricity while wind is providing 15.94 GW and solar 4.12 GW and yet our chancellor chooses to put taxpayers money not into the free fuel of solar and wind but into the planetary destroying, uranium fuelled, nukiller.

“And let's be clear that some of this capital expenditure also makes no sense at all. For example, one of the biggest items of expenditure will be on nuclear power stations, where supposedly at least £30 billion is to be spent, although everybody in reality knows that this will turn into a sum of well in excess of £100 billion, given the cost overruns that always occur in nuclear power budgets.

Starmer has claimed that the government has now decided that Sizewell C will be built. But as everyone in Suffolk knows, that decision was made long ago because the whole of East Suffolk has already been scarred with building works to facilitate the Sizewell C programme.

So what Stama is saying is complete nonsense. What this so-called spending review admits is that there is no prospect of finding any foreign funding for Sizewell C, which was this government's quite absurd hope. It has therefore, to fund this white elephant itself.

This power station and the others to which the government has committed will cost at least £1,500 per household in the UK, and that might at best result in power for 6 million households.

However, the actual cost of this energy is the highest that we can produce, and that is before taking into account decommissioning costs. Those at Sellafield now amount to £136 billion, and no one thinks that this is the total sum involved. And now Reeves actually wants more investment at Sellafield, which is only going to make things worse, but is part of her plan to apparently make us a nuclear superpower. So, if you want to know what leaving a debt for future generations to pay really looks like, building Sizewell C and other power stations is all that you need to do to ensure that this outcome will become a reality.

In contrast to all this emphasis upon nuclear power, there was none at all on renewable energy in this statement. There was a mention of £2.5 billion for carbon capture and storage, but that is another white elephant.

There was no commitment to renewable energy, to battery technology, or even things as basic as insulating houses and fitting proper triple glazing, although a nod perhaps to the last was included without any mention of the sums involved being made.

What is clear is that Starmer and Reeves would rather lumber generations to come with the cost of nuclear power rather than invest in renewable energy now, when that is the lowest cost of energy that we have available to us.”

Full article can be read here