Danny Alexander announces £10bn of guarantees for nuclear power station
As well as support for Hinkley Point power station, Alexander also sets out road-building and affordable housing investment
The government has announced a bid to unlock investment in nuclear power by offering £10bn of guarantees to investors in a new power station at Hinkley Point.
The push on nuclear came as part of a major announcement on £100bn in public funding for capital projects such as road, rail and energyinfrastructure that the government hopes will stimulate the ailing economy. The plans set out by the chief secretary to the Treasury,Danny Alexander, included more than £70bn of investment in transport, over £20bn in schools and £10bn in science, housing and flood defences.
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