The Government’s push to find investors for the £20bn Sizewell C nuclear power station has suffered a significant blow as Britain’s biggest fund managers have snubbed the scheme. Jeremy Hunt, the Chancellor, sought to make the project more attractive to green-focused asset managers in his Spring Budget by proposing to give it “sustainable” status under UK financing rules. Ministers have also reformed the funding model for nuclear plants to hand investors more up-front rewards. But senior sources in the asset … read more »
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