Public Accounts Committee
8 June 2026
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Public Accounts Committee House of Commons
00:03 - 01:58
Speaker 6
Order. Welcome to this session of the Public Accounts Committee on Monday the 8th of June 2026. Sizewell C is one of the largest infrastructure projects currently under development in the UK. It is a major part of the government's ambition to reach net zero by 2050 and is expected to generate enough electricity for around 6 million homes from when it begins in 2038. The project also represents a substantial financial commitment with an estimated cost of 38.2 billion, financed largely by government using a novel financing and delivery model which shares the cost between taxpayers, consumers and the private sector.
However, large nuclear projects have historically faced significant challenges, delivery challenges, and no comparable nuclear power station has been completed without lengthy delays or cost overruns, with Hinkley C being a notable example of this. So today, the committee will examine the value for money of building a new nuclear power station at Sizewell, whether the financial and delivery risks are being effectively managed and whether the government is doing enough to protect the interests of consumers and taxpayers. So, I'm going to ask you all briefly in a minute to introduce yourselves. Have any of you attended the committee before? No.
Jonathan of course, and Clive many times, yes. Absolutely. Well I'll ask you to introduce yourself in a minute. I'd like to particularly welcome George Osborne from the Treasury team. The Treasury team behind the scenes do a great deal of work for these committees and they're all always available to ask, answer public sector money rules and other matters.
So without any further ado, Jonathan I'm going to start with you. Would you like to please introduce yourself, when you were appointed to this post and briefly what your role is.
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