27-03-2017 17:37 via uk.news.yahoo.com

Taxpayers facing £100m bill over botched nuclear deal

Taxpayers face a £100m bill after the Government agreed a pay-out to two US firms over the botched handling of a nuclear decommissioning contract.Energy Secretary Greg Clark also ordered an independent inquiry led by former National Grid boss Steve Holliday after a "flawed" tendering process for the £6bn deal.Shares in Britain's Babcock International, which has a 65% stake in the venture that won the contract, fell 4% as it said the termination would blow an £800m hole in its &
Read more »