MPs Criticize Sizewell C Funding as 'Terrible Deal' for Taxpayers

Financial Oversight Concerns

The UK Parliament’s Public Accounts Committee (PAC) has issued a critical report labeling the funding structure for the proposed Sizewell C nuclear plant a “terrible deal” for the public. The watchdog warns that taxpayers and energy billpayers bear an “extraordinary” level of risk, with construction costs projected to reach between £40.5bn and £47.7bn.

Impact and Risks

Under the current model, the government holds a 44.9% stake, while private investors contribute significantly less capital relative to their potential returns. Critics, including the Stop Sizewell C campaign, argue that consumers may face long-term financial burdens. Conversely, the government and the Nuclear Industry Association defend the project, citing potential long-term energy savings and grid reliability. Readers can review the committee’s findings and the official government response at: https://www.theguardian.com/business/2026/oct/28/plan-for-multibillion-pound-sizewell-nuclear-plant-a-terrible-deal-for-uk-taxpayers-mps-say