Magnox: Early Contract Terminations

Part of the debate – in the House of Commons at 3:41 pm on 27th March 2017.

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Photo of Greg Clark Greg Clark The Secretary of State for Business, Energy and Industrial Strategy 3:41 pm, 27th March 2017

My hon. Friend is absolutely right. We have a duty to consider the further risks to public money, which is why my accounting officer, the Chief Secretary to the Treasury and I accepted on advice that, however painful it is—these are significant sums of money, as my hon. Friend Mike Freer said—we should prevent the sums of money from being even greater.