the japanese firm toshiba announced last week it's closing down its subsidiary, which owns moorside.ut failed to sell the plant to a korean firm. i met with executives of toshiba on wednesday, and they confirmed that the board's decision was a commercial one. this is ultimately a matter for toshiba, and we understand the challenging circumstances that company have faced in the last 18 months. the site in west cumbria is owned by the nuclear decommissioning authority, and the land will revert back to them. it remains a potential site, and they will continue a range of options for its future. i recognise that this announcement will be a disappointing one, but not an unexpected one, to the people of west cumbria. one thing is certain. west cumbria will continue to be a centre of excellence in nuclear. it is a centre of excellence in the uk and the source of large numbers of highly skilled, well—paid jobs, and will be for decades to come. and so, mr speaker, the people of cumbria are thrown under a bus. i have to say, i thank the secretary of state for that statement, but i have to say,

cumbria's already geared up to have moorside here.clear training around, and itjust feels like it's all about to go to waste. the whole community thrives on the nuclear industry and it's in shock. towns along the lake district's coastline depend on those highly paid nuclear jobs. it's been a death by 1000 cuts, to be honest with you, with moorside. but i'm really disappointed and i'm actually very concerned for the future now. three quarters of my customers either work for sellafield or work for contractors working for sellafield. you know, if you lose a quarter of those because they've either gone into retirement or theirjobs have been finished and they've moved out of the area, that is a massive impact on my one shop alone. even those advising the government on nuclear schemes now think the future is injeopardy. i think it is a wake—up call to say if you want to build very expensive and very long—term nuclear reactors, then... building them with private finance, you remain vulnerable to the sort of thing that's happened here. the go

cumbria's already geared up to have moorside here.uclear training around, and itjust feels like it's all about to go to waste. the whole community thrives on the nuclear industry and it's in shock. towns along the lake district's coastline depend on those highly paid nuclear jobs. it's been a death by 1,000 cuts, to be honest with you, with moorside. but i'm really disappointed and i'm actually very concerned for the future now. three quarters of my customers either work for sellafield or work for contractors working for sellafield. you know, if you lose a quarter of those because they've either gone into retirement or theirjobs have been finished and they've moved out of the area, that is a massive impact on my one shop alone. even those advising the government on nuclear schemes now think the future is injeopardy. i think it is a wake—up call to say if you want to build very expensive and very long—term nuclear reactors, then... building them with private finance, you remain vulnerable to the sort of thing that's happened here. the

i think the work done in more detail by the treasury earlier to allow that model to be used for moorsidenew nuclear power station funded entirely pretty much by government investment directly whereas an alternative model was not prepared in time and delivered the wait was needed to attract the korean investment. we have talked about private money for this investment and whether government needed to come in was to give certainty and a way in which private money could flow in and has not happened. the point is, as far as moorside is concerned, you believe the government is not giving the kind of guarantees that a foreign investor would want that will make their money back so it has to be underwritten by the taxpayer? it's not about underwriting, it is giving certainty. energy policy is dictated by government and every country knows that because they have energy policies. in the northern powerhouse, we need a proper industrial strategy for energy for the north because notjust in nuclear but in biomass, offshore wind, we lead the country and europe in renewable energy generation. the problem

over 100 people had been employed on the moorside nuclear project.rgy labelling for vacuum cleaners. the uk firm claimed tests to assess the efficiency of vacuum cleaners favoured rivals' models. burberry says its on track to save 100 million this year, in its half year results statement. the boss, marco gobbetti, said the reception of the new creative director's first collection for the house had been "exceptional". a warm summer and lower prices kept the tils ringing at sainsbury‘s in the last six months. the problem, though, with lower prices is that they drag profits right down. in fact, profit before tax is down 40%. why does it matter how sainsbury‘s is doing? well, as the second biggest retailer in the uk, it has a good handle on how we, as consumers, are behaving — how confident we are feeling, and what we are doing without. let's speak to catherine shuttleworth, the founder and chief executive of savvy marketing. katherine, we can't do without food, so katherine, we can't do without food, so wide of the outlook appear so uncertain for a supe

and they are going to pull out of moorside project completely.bout the impact that will have here in the uk. particularly on plans to move towards a low carbon economy. uk. particularly on plans to move towards a low carbon economym uk. particularly on plans to move towards a low carbon economy. it is very significant because the plant up very significant because the plant up there was going to be a large new plant, with three new reactors built up plant, with three new reactors built up there, just near the old sellafield complex there. it was going to be a 3.4 gigawatts output plant. to give you an idea, there are six new nuclear plants planned in the uk by the government to come on stream in the next ten years or so on stream in the next ten years or so and that plant would have contributed 20% of the new nuclear power being installed. it is a big pa rt power being installed. it is a big part of getting the uk away from burning coal and oil and gas. if you look at what is going on today, for example, i have just looked look at what is going on

the moorside plant was set to create thousands of newjobs in the north west.hi bars and beauty councils, which has cost money. they are merging with asda, they are partway through that and they are getting the regulation in place. and they are opening argos outlets inside their stores because they bought argos a couple of years ago. those costs push the profit figure down. the one on the screen relates to the day—to—day business and it shows that things are going pretty well for sainsbury‘s. but as we said, it is the merger with asda that eve ryo ne is the merger with asda that everyone is keeping a close eye on. regulator has got involved because they have identified 463 areas of they have identified 463 areas of the uk where the regulator thinks that competition could be affected. that is probably because the town or city has both an asda and sainsbury‘s. i have been chatting to the boss, and he said they are still committing to not closing any of those stores. i put it to him that thatis those stores. i put it to him that that is a bold claim given that the