Wylfa nuclear power project

Chancellor Philip Hammond 'hopeful' of nuclear plant deal

Wylfa Newydd nuclear plant concept art
Horizon Nuclear

Work on a multi-billion pound UK nuclear project could still "go ahead" if a new financing model is found, Chancellor Philip Hammond has said.

Japanese firm Hitachi cited rising costs for halting work on the £13bn plant at Wylfa Newydd, Anglesey.

It had been in talks with the UK government since June about funding for the project, which was being built by its Horizon subsidiary.

Mr Hammond said an alternative model was being worked on.