John Leech MP writes: New £1bn nuclear windfall must be taxed
• [Jul 01] John Leech writes: ON Monday, MPs will be asked to vote through £1 billion in windfall profits to existing nuclear operators for doing absolutely nothing new. We fought the last general election on the promise of opposing new nuclear power and certainly reject public subsidies for nuclear power.
Whatever your take on nuclear power though, surely it's unjustifiable and politically untenable to hand out £1 billion to EDF and Centrica directly from consumer purses, . .
We now have a chance to show real leadership on this issue. We should ensure the carbon floor price isn't introduced before Danny Alexander has also introduced a windfall tax to boost the coffers of the Green Investment Bank
. . There is huge potential for the UK to become a world leader in the rapidly growing £3.2 trillion global market for low carbon good and services, and to benefit from the resulting jobs and economic growth. Rather than fritter money away on our nuclear past, we should use it to invest in the future.