Chancellor Rachel Reeves has signed off on £14.2 billion of investment to build the new Sizewell C nuclear power plant in Suffolk, while Rolls-Royce has been named as the preferred bidder to build small modular reactors (SMRs) in a programme backed by £2.5 billion of taxpayers' cash.
It follows the government’s U-turn yesterday on winter fuel payments and comes the day before the chancellor’s spending review.
Report by Jonesia.
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