The boss of EDF has said that Brexit has “no impact” on the business and strategy of the company in the UK, including its plans to build a new nuclear plant at Hinkley Point.
"As of today, we believe that this vote has no impact on our strategy, and the strategy (...) for our UK subsidiary has not changed. Our business strategy is not linked to Great Britain’s political affiliation with the European Union, so we have no reason to change it."
Mr Levy emphasised in particular that there should be no fears of reconsidering plans to construct two EPR nuclear reactors at Hinkley Point , a gigantic £18 billion project (around 22 billion euros at current exchange rates), which is being challenged by the Group’s French trade unions and for which a final investment decision is pending.
“I would just point out that in the last few days, spokespeople on energy issues for the Brexit camp – notably Energy Minister Andrea Leadsom – have on numerous occasions and again in recent days come out in favour of maintaining the decarbonisation policy, of maintaining the nuclear option, and of maintaining the Hinkley Point project. Therefore there are no consequences from this vote today."
Britain will be able to create more wealth and jobs if it is outside the EU rather than in it, according to entrepreneur Sir James Dyson.Read the full story ›
The billionaire founder of financial services company Hargreaves Lansdown told ITV's Ian Axton the EU referendum campaign is "too nasty"Read the full story ›
The Government has pledged to give rural residents in the West Country the right to fast broadband services.Read the full story ›
The European Commission had promised to review plans to remove a tax break which currently benefits small West Country cider makers.Read the full story ›
A Somerset bison farmer says he's had to destroy his 25 strong herd because the animals were becoming too stressed by compulsory TB tests.Read the full story ›
Farmers from the region have marched on Downing St to fight for fairer prices. They even brought cows and sheep - to get their voices "herd"Read the full story ›
Hundreds of west country farmers have left their herds and fields to call on the Government to take action over plummeting pricesRead the full story ›
A giant Gromit stands guard at Cribbs Causeway as plans for an enormous expansion of The Mall go before councillors, only to be deferred.Read the full story ›