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MPs brand Sizewell C a 'terrible deal' that leaves billpayers facing £9.8bn in overruns while investors risk JUST £30m

Private investors face contributing just £30m in overruns against £9.8bn from consumers, with no comparable nuclear station built on time and budget, MPs warn.
Private investors face contributing just £30m in overruns against £9.8bn from consumers, with no comparable nuclear station built on time and budget, MPs warn.

The Public Accounts Committee has warned that taxpayers and consumers face being left on the hook for an extra £9.8bn to build Sizewell C and a further £12bn over its 60-year operating life if costs spiral beyond the £40.5bn-£47.7bn estimate. PAC chair Sir Geoffrey Clifton-Brown called the risk borne by the public "extraordinary", warning that private investors stand to pocket significant returns while billpayers absorb the losses.

No comparable nuclear station anywhere in the world has been built on time and to budget, the committee warned.

If costs overrun, private investors must contribute just £30m more — against £9.8bn from consumers during construction alone.

The UK government was forced to take a 44.9% stake after buying out Chinese state developer CGN over national security concerns.

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