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Energy bills set to rise in the future

In another blow to UK consumers and businesses, it has been revealed that UK energy prices will have to rise in the future in order to "pay for investment into nuclear energy". It is no secret that the UK government has been looking to expand the nuclear side of the power generation system in the UK with little or no success to date. However, a government minister has confirmed that the cost of increasing the U.K.'s nuclear energy capability will be borne by consumers and businesses.

Initial reports suggest that just £44 would be added to the average £500 energy bill per annum, although many believe this is well short of the mark. Due to the fact that the UK energy industry is dominated by large overseas parent companies there are fears that they will hold out for large government subsidies and investment because they are fully aware of the need to act quickly. This would put the government in a very difficult position and effectively force them to increase subsidies and investment at a time when taxpayers are literally struggling to survive.

This is a scenario which many people had been predicting for some time, with the influence of overseas companies coming more and more to the fore in the UK.

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