Exit from EU could hit Japanese nuclear investment in UK

Sizewell B - the 'flagship' of Britain's 'nuclear power station fleet
Sizewell B – the ‘flagship’ of Britain’s ‘nuclear power station fleet

Hitachi, the Japanese technology group, has warned prime minister David Cameron against the UK leaving the EU – which may take place after a referendum pledged for after the next general election if the Conservatives form the next government.

Horoaki Nakanishi, president of Hitachi, warned Cameron about ‘widespread anxiety’ among Japanese businesses about the future of the UK’s membership of the EU.

Hitachi is one of he largest overseas investors in the UK and last year pledged a ‘100-year commitment’ to British economy after unveiling a £700 million deal to build nuclear plants – a decision which has removed much of the uncertainty that had threatened to undermine the Government’s nuclear revival in the UK.

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