BusinessCorporate FinanceMPs go nuclear at Authority over costs

MPs go nuclear at Authority over costs

Nuclear Decommissioning Authority accused of failing to get a grip on soaring costs

The Nuclear Decommissioning Authority has been accused of failing to get a
grip on soaring costs.

These include costs for the next five years, which a Commons committee
chairman has claimed should be more predictable. The criticism comes as the
authority, responsible for sites including Hinkley Point A, searches for a chief
accountant to work on managing systems handling the authority’s annual budget.

Edward Leigh, chairman of the influential Public Accounts Committee,
commenting on a PAC report on decommissioning out today, put the latest total
estimate at £73bn ­ a rise of 30% since 2003. ‘We cannot be confident that even
this figure will not be significantly upped,’ he warned.

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