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Politics latest: Miliband says new nuclear plant will be 'faster and cheaper' than previous power station

The government has committed more than 拢14bn to build a new nuclear plant, Sizewell C, in Suffolk, to improve Britain's energy security.

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The Wargame: New podcast simulates Russian attack on UK

A top team of former government ministers and military and security chiefs have taken part in a wargame that simulates a Russian attack on the UK for a new podcast series by Sky News and Tortoise Media.

The first two episodes premiere today across Sky News.

As the government unveils its strategic defence review, the scenario is designed to test Britain's defences and national resilience at a time of mounting tensions with Russia.

It also explores the reliability - or otherwise - of key allies like the US.

Join us for a live Q&A to coincide with the launch with security and defence editor Deborah Haynes, who wrote and presents the podcast, and Sir Richard Barrons, a leader of the major defence review who plays the role of chief of the defence staff, the UK's top military officer.

Our lead politics presenter Sophy Ridge will be putting your questions to her on anything from the UK's preparedness for a hostile attack to the making of the podcast.

Sizewell C the 'biggest investment in nuclear' in 50 years, says Ed Miliband - will be 'faster and cheaper'

Ed Miliband says the government has unveiled the "biggest investment in nuclear for half a century".

The energy secretary told Sky News that the government has decided to do this "for energy security" and "for good jobs".

He says the construction of Sizewell C will be "faster and cheaper" than work to build Hinkley Point C, a nuclear power plant in Somerset. 

Construction there is currently already underway and the project has been hit by delays and risings costs.

He says: "The reason it will be is because it's a replication of Hinkley. 

"Hinkley was the first of a kind project in the UK. And there's always, there's always challenges you face with that. The important thing about Sizewell is it replicates it. 

"And if you like, there's some good evidence that it can be cheaper and quicker because the second unit at Hinkley, the original plant, is being built 25% faster than the first unit."

Small modular reactors are really exciting

The government has also announced that Rolls-Royce will build a fleet of small modular reactors, which are smaller scale sites.

Asked if these smaller reactors are worth the money, the energy secretary responds: "I think small modular reactors are really exciting and they're exciting because you're able to do lots more of them in a kind of factory setting. 

"And doing lots of them gives you that opportunity to bring down the cost - that's a big prospect. And, you know, it's huge for our energy security, but it's also a huge opportunity for Britain."

Government lacks 'ambitious plan to secure our nuclear future', say Conservatives

The shadow energy secretary has said he welcomes the government investing billions of pounds in Sizewell C nuclear plant - but thinks the government has not gone far enough.

Andrew Bowie said he was the first ever Minister for Nuclear, during which the then-Conservative government set-up GB Nuclear, the SMR competition and "put the first spade in the ground at Sizewell C".

He added: "So, of course, I welcome money being invested in Sizewell C today.

"However, what we need is an ambitious plan to grow our nuclear fleet, secure our nuclear future and create the jobs of the future.

"Today does not deliver that."

The Conservative MP also pointed out that it has taken 18 months between construction formally getting underway at the nuclear power station in Suffolk and the chancellor's announcement today. 

"Today is a good day", he said. "But it has taken far too long to get to this stage."

Chancellor stumps up 拢14.2bn to fund new nuclear power station

The chancellor is set to confirm the government will commit more than 拢14bn to build the Sizewell C nuclear power station in Suffolk.

The plant was first proposed 15 years ago and will take a further nine to 12 years to build.

But Rachel Reeves will confirm the Treasury is putting the cash behind the plan in a speech at the GMB union conference later this morning.

She says this money will create 10,000 jobs, including around 1,500 apprenticeships, and will also support thousands more jobs around the UK.

It's all part of what Ed Miliband, the energy secretary, has called the "golden age" of nuclear power - as the UK seeks to boost its energy security.

It follows it being revealed yesterday that Britain's nuclear power sector grew by a quarter in 2024, compared to three years ago. 

It's now worth 拢20bn and employs around 87,000 people according to research by the Nuclear Power Association. 

What is Sizewell C nuclear power station, and why has it taken so long?

The nuclear power plant in Suffolk was first proposed more than a decade ago by EDF, the French energy company and China General Nuclear Power Group.

Three years ago, the Conservative government bought out the Chinese company as the UK sought to secure its critical national energy infrastructure.

The state now owns 83.5% of the project, with the rest controlled by EDF.

The Tories gave the green light for construction to begin at Sizewell C 18 months ago, leading to contracts worth 拢330m being signed with local companies.

Reeves also backed the project in her autumn budget last year, committing 拢2.7bn to the power station.

But campaigners against the project have warned that it might become a bottomless money pit and have called it 'HS2 mark two' - after the high-speed train line that has faced high costs, delays and has had parts of it axed.

Instead, the Stop Sizewell C group would like to see the money spent on "other priorities" and say the power station "is guaranteed to be late and overspent".

Good morning and welcome to the Politics Hub this Tuesday, 10 June. 

All eyes in Westminster are on the chancellor ahead of her spending review tomorrow, with confirmation yesterday afternoon that the final details have now been agreed. 

But Rachel Reeves has another rabbit to pull out of the hat first. 

She's set to confirm a 拢14.2bn commitment to fund the construction of the Sizewell C nuclear power station in Suffolk, some 15 years after it was first proposed.

Reeves will make the announcement at the GMB Union's conference later this morning, as the government welcomes in a "golden age" of nuclear power to boost the UK's energy security.

It says the funding for the plant will create 10,000 jobs including 1,500 apprenticeships. Building the plant will take an estimated nine to 12 years, but will provide around six million homes with energy. 

We'll hear more from Ed Miliband, the energy secretary, on this shortly.

Reeves isn't the only one seeking headlines this morning, though.

Sir Keir Starmer is making two energy-related visits near to where the plant will be. The PM will meet workers at a construction site this morning before speaking to pupils at a nearby school.

At the same time that Starmer's (presumably) donning high vis in Suffolk, Nigel Farage will be bathing in the spotlight in Westminster. 

The Reform UK leader is set to unveil the party's new chairman, following the departure and partial return of Zia Yusuf at a news conference in Westminster. 

And let's not forget, limelight-loving leader, Sir Ed Davey. He'll be playing interactive games in front of the cameras this afternoon to highlight the challenges faced by unpaid carers. The Lib Dem leader will also speak to the media to mark carer's week.

Coming up on Sky News this morning: 

  • Ed Miliband, the energy secretary;
  • Andrew Griffith, the shadow business secretary; 
  • Ben Wallace, the former Tory defence secretary.

Stay with us throughout the day as we bring you all the latest updates right here on the Politics Hub.

Good night

That's all for tonight.

Join us again for more politics again in the morning - as we get a day closer to the spending review.

Increase defence spending or start learning Russian, NATO boss tells Britain

The government has spent much of today outlining how it'll be spending more money on pensioners - but lest we forget there's also pressure to spend more on defence.

NATO chief Mark Rutte has been in town today, holding talks with the prime minister in Downing Street and also making a speech at the international affairs thinktank Chatham House.

And he had a rather chilling warning for what might happen if Britain doesn't increase defence spending to upwards of 5% of GDP.

Rutte warned: "If you do not do this [鈥 you can still have the NHS, or in other countries their health systems, the pension system, etc, but you had better learn to speak Russian."

For context: The government has so far only committed to 2.5% by 2027, and 3% during the next parliament.

Rutte told reporters he had a "clear view" on when NATO allies should be spending 5% on defence, but would be making that point in private conversations rather than in public for now.

There is a NATO summit in the Netherlands later this month.

Ex-minister requests meeting with Bangladeshi leader over corruption claims

Former minister Tulip Siddiq has written to the interim leader of Bangladesh requesting a meeting during his visit to the UK to discuss accusations of corruption that have been levelled at her.

In the letter seen by Sky News, Siddiq invited Muhammad Yunus for "lunch or afternoon tea" to "clear up the misunderstanding鈥� that I have questions to answer".

Watch: The Tulip Siddiq accusations explained

The Anti-Corruption Commission in Bangladesh has opened multiple inquiries involving the London MP over alleged links to her aunt's political party in the country.

A former prime minister of Bangladesh, Sheikh Hasina is currently standing trial in absentia in Dhaka over alleged killings during deadly protests that swept the country last summer.

Siddiq resigned as a Treasury minister in January after being named in the corruption inquiries.

Documents showed she lived in several London properties that had links back to the Awami League political party that her aunt still leads.

She referred herself to the prime minister's standards adviser Sir Laurie Magnus, who said he had "not identified evidence of improprieties", but added it was "regrettable" Siddiq had not been more alert to the "potential reputational risks" of the ties to her aunt.

Siddiq said continuing in her role would be "a distraction" for the government but insisted she had done nothing wrong.

'Fantasy investigation'

In her letter to the chief adviser of Bangladesh, Siddiq writes: "[The Anti-Corruption Commission] refuse to engage with my lawyers in London and apparently keep sending correspondence to a random address in Dhaka. 

"Every move in this fantasy investigation is briefed to the media and yet no engagement was facilitated with my legal team."

Muhammad Yunus left Bangladesh for his UK visit on Monday afternoon.

Bangladeshi media reported his spokesperson as saying they had not received the letter.

A source close to Siddiq said she had not received a reply.

Does the winter fuel U-turn raise more questions than it answers

There are considerable problems with the winter fuel payment U-turn, but perhaps the political argument in favour outweighs them all?

First, that Rachel Reeves has executed the plan without working out how to pay for it. This, for an iron chancellor, is a wound opponents won't let her forget. A summer of speculation about tax rises is not a summer anyone looks forward to.

Third, the question immediately becomes what next? Why not PIP and the two child benefit cap. At this stage it would feel like a climb down if they did not back down over those. But then, what will the markets - already policing this closely - make of it and could they punish government.

Fourth, this is aggravating divisions in the parliamentary Labour Party: the soft left Compass group and ministers like Torsten Bell pushing bigger spending arguments. Those MPs in Tory-facing seats who rely on arguments that Labour can be trusted with the public finances are worried.

Fifthly, this has created a firm division between Number 10 and Number 11. Number 10 is now conscious they do not have enough independent advice about the market reaction to economic policies and is seeking to correct. Others, I am told, are just critical of the chancellor's U-turn - for she wobbled first.

So given the litany of arguments against, why has it happened? 

Because the hope is this maxi U-turn lances the boil, removes a significant source of pensioner anger and brings back Labour voters, a price they calculate worth paying whatever the fiscal cost.

We wait to see who is right. 

Some Thames Water bonuses have already been paid - and company isn't trying to get money back

It may seem like a while ago, but there was a fiery exchange last month at the Environment, Food and Rural Affairs Committee as Sir Adrian Montague, the chair of Thames Water, defended the bonus scheme for the company's senior executives.

Sir Adrian told the committee that creditors had insisted on bonuses being paid - something he later confirmed was not the case.

He claimed to have "misspoken", and that it was instead part of a strategy to prevent upheaval at the top of Thames Water.

A letter Sir Alan sent to the EFRA committee has now been published, which gives more details on the bonus agreement.

The bonuses worked out to: "50% of base salary on 30 April 2025; 50% on completion of [Thames Water's] second restructuring plan or, if earlier, December 2025; and a final payment of 200% of base salary in June 2026."

Sir Alan said that he himself, as well as CEO Chris Weston, or CFO Steve Buck, did not get a payout.

The 30 April payment has been meted out already, and the board of Thames Water "does not intend to recover this money".

Any further bonuses have been paused.

EFRA Committee chair Alistair Carmichael MP said bonuses for water company CEOs and CFOs were banned last year - and wants to know if the government will take action on the latest revelation.

He said: "We are also asking whether Defra and Ofwat were aware of these payments and what undertakings they have received from Thames Water about the pausing or withdrawal of the retention plan. 

"Given that the plan includes two further retention payments, including 200% of base salary due to be paid to these 21 individuals in June 2026, it is vital that Thames Water, Defra and Ofwat are clear with us all about what exactly is going on."

Sky News understands the government is not planning to try to recoup the money.