Nuclear power start-up pulls out of Britain as Miliband drags feet
A nuclear start-up is quitting the UK in frustration after ministers, including Ed Miliband, failed to support the project.
Newcleo, an Anglo-Italian company, said it was suspending a £4bn proposal to build a fleet of mini nuclear reactors in Britain and planned to scale back its domestic presence dramatically. The company currently employs about 150 people and all those roles are now at risk.
Bosses told The Telegraph they were frustrated with a lack of concrete action from ministers, including Mr Miliband, the Energy Secretary.
They said the company struggled to get support for their proposals to build reactors “in principle”, which had made it impossible to take investment decisions with confidence.
Full story here.
If this had been a wind or solar farm, Miliband would have given it a contract already.
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