Taxation: Nuclear Power

Treasury written question – answered at on 7 September 2011.

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Photo of Zac Goldsmith Zac Goldsmith Conservative, Richmond Park

To ask the Chancellor of the Exchequer whether he has considered introducing a windfall tax on nuclear operators for the purposes of mitigating the effect of his proposed carbon price floor support.

Photo of Justine Greening Justine Greening The Economic Secretary to the Treasury

The Government has been clear that the carbon price floor does not represent a subsidy to any particular sector, including the nuclear industry. The Coalition Agreement stated that there would be no public subsidy, for new nuclear power stations and this continues to be the Government's position.

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