Meeting of the Parliament 24 June 2026 [Draft]
I thought that the member would return to the South Korea example. Clearly, it had lower labour costs, material costs and so on, and a different regime. However, if the plants are so good in South Korea, I would like an explanation of why South Korea has changed tack and dropped its nuclear strategy, because the new president says that they take too long to deliver.
I thought that we would hear from Liam Kerr that small modular reactors will save the day, despite the fact that the only operational SMRs are in Russia and China; despite the fact that SMRs are not small and produce more waste pro rata than large-scale nuclear; and despite the fact that NuScale’s SMR project in Utah collapsed once costs spiralled to nearly £7 billion for a single station. Rolls-Royce has promoted SMRs for about 10 years and, in June 2025, Ed Miliband confirmed that a final investment decision for the first unit was several years away. However, somehow, a few months later, the Labour Government placed an order for three SMRs to be built at Wylfa. It beggars belief that the process was that far advanced in three months. [Interruption.]
I will take—