the bbc understands that plans for a new nuclear power plant called sizewell c in suffolk are under review borisjohnson pledged £700 million for the project in september, with a call to go nuclear and go large . a high speed rail line promised by liz truss for the north of england could also be scaled back. the government is also expected to try to raise more money through capital gains tax that s a tax on the profit made when you sell something that has increased in value. it s trying to make savings of at least £50 billion to fill the current hole in the treasury s finances. here s our business editor, simonjack. major energy infrastructure and transport projects, including a new nuclear plant in suffolk, and a new rail line in the north of england, are under review and could be delayed, watered down or even scrapped, as the government tries to cut spending, the bbc understands.
policy, how far the uk people would be happy to put this vast sums and also these vast cost overruns,. let s face it, all of the reactors that are rooted at sizewell c of ghastly overcast, vastly over time. in finland, in france, in china when they had to shut down for one year. and edf are now trying to activate the contingency option contract with the contingency option contract with the uk government to avoid the inevitable overcast and over time penalties for hinckley north sea, the same kind of reactor that is rooted for size or see. so, the fact is this, 0k. the renewable energy is this, 0k. the renewable energy is here, there is no one to dispute that fact. what happens if the wind doesn t blow in the sun doesn t shine? and the leading corporate
government. the the risk and the liability. unfortunately to that uk electricity consumers and taxpayers. the fact is that with the best will in the world, with the best will in the world sizewell c cannot be built before 2040. 2014. which means it is much too late for our energy 2040. it is not simply a question for economics, we all understand that the nuclear option is a hugely expensive one. with renewables coming in at one fifth or one quarter less than nuclear. it is also a question of time and it is time that we simply don t have. sizewell c was projected to deliver 7% of the uk s total energy needs
version from before this trust saving £20 billion and i asked grant shapps about this, and here s what he said. the line itself can deliver a 33 minute journey from manchester to leeds, quadruple, nearly, the capacity of that line, and do so without having to wait an extra 20 years beyond the delivery of what the upgrade can do. so we ll be able to provide all of that upgrade. there wasn t really much point in going and blasting new tunnels through the pennines. what else could be in the frame? last night i was told by sources that every major capital spending project was under review including things like the dartford tunnel, sizewell c, the panel by stonehenge, this morning however downing street has said that the new reactor in suffolk, they are hoping to proceed with that, but i think this illustrates they are looking behind every cushion on the back of the
grant shapps, gave the clearest indication yet that recent commitments by former prime minister liz truss to a brand new line, eventually connecting northern towns and cities from hull to liverpool through bradford, were very likely to be scaled back. the line itself can deliver a 33 minute journey from manchester to leeds, quadruple nearly the capacity of that line, and do so without having to wait an extra 20 years beyond the delivery of what the upgrade can do. so we ll be able to provide all of that upgrade. there wasn t really much point in going and blasting new tunnels through the pennines. government officials also cast doubt on the future of sizewell c, a £25 billion project to build two new nuclear reactors at an existing site in suffolk, that promises to provide up to 7% of the uk s total electricity needs. we are reviewing every major project, including sizewell c, said people familiar with the matter. new large scale nuclear plants has been a key part of the government