Davey: 'There will be no nuclear subsidy'

The Energy Secretary Edward Davey has defended the 'contracts for difference' telling ITV News Business Editor Laura Kuenssberg that it is not a subsidy by another name.

There are questions over a minimum price guarantee having to be underwritten by the tax-payer and acting as a subsidy.

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Boost to Britain's nuclear plans

Britain's nuclear expansion plans were boosted today after Japan's Hitachi signed a £700 million deal that will enable it to start building the next generation of power plants.