The Sizewell C nuclear power plant in Suffolk is reportedly under consideration as the government seeks to contain costs.

The new reactor, located about 30 miles northeast of Ipswich, was expected to be built by energy firm EDF.

Boris Johnson pledged £700 million of taxpayers’ money for the project in his final policy speech in early September as he sought to make energy security part of his legacy as prime minister.

But a government official has since told the BBC: “We are reviewing every major project – including Sizewell C.”

According to reports, the total cost of the Sizewell C project could be around £20 billion.

Power generation is not expected to begin until 2030. Construction of a similar reactor at Hinckley Point C in Somerset began in 2016 and will not be online until 2027, although this is partly due to the impact of the pandemic.

Supporters of the site say it could help the UK run on zero-carbon power, but others say the cash would be better spent on wind farms or insulation.

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The plant is not expected to start generating electricity until the 2030s (Chris Radburn/PA)

The government is looking for opportunities to cut spending after the Institute for Fiscal Studies warned last month that the state was facing a nearly £60 billion financial black hole after the mini-budget was announced in September.

The Treasury has since withdrawn several previous unfunded tax cuts or spending plans.

The chancellor announced last month that the two-year freeze on energy prices for all households would now last for just six months.

Jeremy Hunt said at the time that while the Universal Energy Price Guarantee would expire in April, the government would review how to support bills after that period.

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