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Maybe someone has joined the dots

Monday, April 13, 2026 17:17

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Rachel Reeves’ wealth fund pumps £600m into Rolls-Royce SMR

Rachel Reeves’ flagship wealth fund has announced a fresh heap of financing for Rolls-Royce SMR following its tie-up with Ed Miliband’s state-owned energy company.

The National Wealth Fund has revealed a £599m financing package for Rolls-Royce Small Modular Reactors (SMR) in a bid to kick start delivery on its project with Great British Energy.

The partnership will see the creation of the UK’s first small modular reactors as part of the government’s drive for clean energy.

Small modular reactors are designed to produce up to about one-third the electricity of conventional reactors. Developers argue that small reactors can be constructed more quickly and cost-effectively than larger power reactors, with scalability to meet specific local demands.

Some interesting political language here such as “Rachel Reeves’ flagship wealth fund” plus ”tie-up with Ed Miliband’s state-owned energy company” and “part of the government’s drive for clean energy”.

Maybe someone has joined the dots for Team Reeves while Keir Starmer still whizzes around the international circuit trying to get someone to notice him.

There won’t be any admission that Ed Miliband and Net Zero are both absurd, not yet, but the language has an entertaining touch of lessons learned.

Source: https://akhaart.blogspot.com/2026/04/maybe-someone-has-joined-dots.html

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