Chancellor announces deal to purchase Wylfa and Oldbury sites, as part of Budget dominated by pre-election tax cuts. The government has today announced plans to revive the UK’s nuclear development pipeline, confirming it has reached a £160m deal with Hitachi to acquire two prospective nuclear power plant sites that were mothballed by the Japanese conglomerate in 2020. In a Budget address that was largely focused on plans for pre-election tax cuts, Chancellor Jeremy Hunt confirmed an agreement had been finalised … read more »
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