Security of Supply

Part of the debate – in the House of Commons at 3:01 pm on 12 January 2006.

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Photo of Alan Johnson Alan Johnson Secretary of State for Trade and Industry 3:01, 12 January 2006

I thought long and hard about this issue, as did my hon. Friend the Minister for Energy. In effect, keeping Westinghouse in British ownership would inhibit our ability with regard to future nuclear new build. If the UK were to go down that route—that is a big "if"—it would be difficult for companies to find an objective view from a publicly-owned Westinghouse. In addition, in relation to developments in China, where Westinghouse is involved in building four nuclear power stations, there is a large degree of risk involved, and the British taxpayer should not be involved in meeting that risk. For that and other reasons, although it is an important issue that we considered long and hard, I think that the sale of Westinghouse is the right road to go down.