My hon. Friend raises an important point. The larger companies—we have three consortiums that want to build new nuclear—have been less affected by the credit crunch, as far as we can tell. That is not to say that it does not have any effect, but it has had less of an effect on those companies. My sense is that they will still come forward with their plans for new nuclear—we have heard no views otherwise.
My hon. Friend is also right on the question of subsidies. We have said that we are not going to subsidise new nuclear. We are breaking down the barriers to new nuclear in a number of different ways, but I do not think that it is right to subsidise it. It is also right to ensure—as we did in the Energy Act 2008—that waste costs are paid by the companies. New nuclear needs to be part of the energy mix and the plans will be taken forward.
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