Hinkley Point deal under threat from EU ruling

Brexiteers have instead advocated leaving the EU without a deal and continuing to trade with EU countries under World Trade Organization (WTO) rules that include modest reciprocal tariffs.

After a 10-month investigation the EU said the power station at Hinkley Point in Somerset did not breach state-aid rules. Operator EDF Energy of France said the project would cost 16billion at.

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European Commission – Press Release details page – European Commission Press release Brussels, 8 October 2014 The European Commission has found revised UK plans to subsidise the construction and operation of a new nuclear power plant at Hinkley Point in Somerset to be in line with EU state aid rules.

Hinkley Point C nuclear power station (HPC) is a project to construct a 3,200 MWe nuclear power station with two EPR reactors in Somerset, England. The proposed site is one of eight announced by the British government in 2010, and in November 2012 a nuclear site licence was granted.

Hinkley Point nuclear plant will go ahead after all. Under a deal struck with former chancellor george osborne, the Chinese were expected to invest in Hinkley and Sizewell and then solely.

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A prediction by the French finance minister that the EU plan to tax revenues. Ireland’s tax regime has long been under international scrutiny and led to a Commission ruling that Ireland had struck.

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European Union flags and the U.K .flag flap in the wind outside EU headquarters in Brussels. (ap photo/virginia mayo) The European Union’s 27 national ambassadors will try on Thursday to.

The result of the EC State Aid investigation into the two planned EDF nuclear reactors at Hinkley Point C will set an important. are simply incompatible with EU State Aid rules, and the proposed.

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Austria has made no secret of its intention to take legal action over the EU’s decision to allow 17.6bn of subsidies for two Hinkley C nuclear reactors under the bloc’s State Aid (competition) rules, and the legal papers are expected to be filed imminently.