Nuclear Setback
Negotiations which would have seen eight of the UK’s nuclear power stations sold to French state-owned energy firm EDF have broken down. EDF had been expected to announce a £12bn deal to buy British Energy, however, it is understood that shareholders were holding out for a higher offer. The rejection is a major setback to the UK’s plans to build a new generation of nuclear power stations. The British Energy’s sites are considered prime locations for any new power stations.