A new small modular reactor is to be built alongside the decommissioned Wylfa Nuclear Power Station in North Wales. Getty Images
A new small modular reactor is to be built alongside the decommissioned Wylfa Nuclear Power Station in North Wales. Getty Images
A new small modular reactor is to be built alongside the decommissioned Wylfa Nuclear Power Station in North Wales. Getty Images
A new small modular reactor is to be built alongside the decommissioned Wylfa Nuclear Power Station in North Wales. Getty Images

US angered as Rolls-Royce chosen to design UK’s first mini nuclear plant


Paul Carey
  • English
  • Arabic

The US ambassador to the UK has criticised the choice of Rolls-Royce to be in the vanguard of Britain’s future nuclear power drive.

The UK’s first “small modular reactor” nuclear power station will be built at Wylfa, on Anglesey in North Wales, the government has announced.

It will be designed by Britain’s Rolls-Royce SMR and is expected to generate enough electricity to power three million homes.

Touted as a first of its kind, the project will be built by publicly owned Great British Energy-Nuclear (GBE-N) and is backed by £2.5 billion ($3.29 billion) investment from the government.

The government also announced GBE-N will be identifying potential sites for another large-scale nuclear power plant, similar to those being built at Hinkley Point in Somerset and Sizewell in Suffolk. It will report back by autumn 2026 and has been requested by Energy Secretary Ed Miliband to consider sites across the UK, including in Scotland, officials said.

It comes after the UK and US agreed a nuclear partnership in September, potentially worth around £76 billion.

But the plans at Wylfa prompted an angry response from the US, with ambassador Warren Stephens describing his country as “extremely disappointed” by the decision.

The ambassador had been pushing for a larger reactor and US firm Westinghouse had reportedly presented plans to the UK government to build a new gigawatt station at the site.

Ambassador Warren Stephens, left, with President Donald Trump during a trip to Scotland in July, has criticised the choice of Rolls-Royce to build a small nuclear reactor in North Wales. Getty Images
Ambassador Warren Stephens, left, with President Donald Trump during a trip to Scotland in July, has criticised the choice of Rolls-Royce to build a small nuclear reactor in North Wales. Getty Images

Mr Stephens said there were “cheaper, faster and already approved options to provide clean, safe energy at this same location”.

He added: “If you want to get shovels in the ground as soon as possible, and take a big step in addressing energy prices and availability, there is a different path and we look forward to decisions soon on large-scale nuclear projects.

“As I have repeatedly said, we want the UK to be the strongest possible ally to the United States and high energy costs are an impediment to that,” he said.

However, Mr Miliband dismissed the criticism, suggesting Mr Stephens’ unhappiness was not about the size of reactor or how long it would take to build, but because “he wanted an American company”.

Mr Miliband told the BBC: “We have chosen a British company, not an American company, sadly for the US ambassador.”

He said they picked Rolls-Royce for the “prime site for our flagship programme of small mod reactors”, which was going to build a fleet of up to eight reactors, thus bringing costs down.

Small modular reactors (SMRs) are mini nuclear power stations that are smaller and designed to be installed on site as prefabricated modules, with hopes the technology will be quicker to assemble than more traditional plants such as Hinkley Point C.

The Department for Energy Security and Net Zero said the project would bring up to 3,000 jobs at the height of construction.

It would allow Wylfa, where previous attempts to bring back nuclear power to the site of a former reactor had failed, to become a “beacon” of a nuclear golden age, the department said.

UK Prime Minister Keir Starmer said: “Britain was once a world leader in nuclear power, but years of neglect and inertia has meant places like Anglesey have been let down and left behind. Today, that changes.”

Mr Miliband said nuclear power and other clean energy, such as renewables, offered the chance of “energy sovereignty and energy abundance”, which “every sensible nation needs in the 21st century”.

Writing in The Telegraph, he said: “Oil and gas from the North Sea will continue to play a role for decades to come, but now is the time to build up our clean power resources.”

The Energy Department said GBE-N will start activity on the site in 2026, with an initial project for three reactors, but the site could potentially hold up to eight mini power plants.

It is hoped the Wylfa reactors will start supplying power to the grid from the mid-2030s.

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Who was Alfred Nobel?

The Nobel Prize was created by wealthy Swedish chemist and entrepreneur Alfred Nobel.

  • In his will he dictated that the bulk of his estate should be used to fund "prizes to those who, during the preceding year, have conferred the greatest benefit to humankind".
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Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

Banned items
Dubai Police has also issued a list of banned items at the ground on Sunday. These include:
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  • Fireworks/ flares
  • Radios or power banks
  • Laser pointers
  • Glass
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  • Sharp objects
  • Political flags or banners
  • Bikes, skateboards or scooters

Indoor Cricket World Cup - Sept 16-20, Insportz, Dubai

Evacuations to France hit by controversy
  • Over 500 Gazans have been evacuated to France since November 2023
  • Evacuations were paused after a student already in France posted anti-Semitic content and was subsequently expelled to Qatar
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  • It has benefited more than 700 people from 44 countries, including Syria, Turkey, Iran, and Sudan
  • Since the start of the Gaza war, it has also included 45 Gazan beneficiaries
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Have you been targeted?

Tuan Phan of SimplyFI.org lists five signs you have been mis-sold to:

1. Your pension fund has been placed inside an offshore insurance wrapper with a hefty upfront commission.

2. The money has been transferred into a structured note. These products have high upfront, recurring commission and should never be in a pension account.

3. You have also been sold investment funds with an upfront initial charge of around 5 per cent. ETFs, for example, have no upfront charges.

4. The adviser charges a 1 per cent charge for managing your assets. They are being paid for doing nothing. They have already claimed massive amounts in hidden upfront commission.

5. Total annual management cost for your pension account is 2 per cent or more, including platform, underlying fund and advice charges.

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Directed by: Pete Doctor

Rating: 4 stars

Springsteen: Deliver Me from Nowhere

Director: Scott Cooper

Starring: Jeremy Allen White, Odessa Young, Jeremy Strong

Rating: 4/5

Why it pays to compare

A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.

Route 1: bank transfer

The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.

Total cost: Dh567.25 - around 2.9 per cent of the total amount

Total received: €4,670.30 

Route 2: online platform

The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.

Total cost: Dh74.10, around 0.4 per cent of the transaction

Total received: €4,756

The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.

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Director: Sudha Kongara Prasad

Starring: Akshay Kumar, Radhika Madan, Paresh Rawal 

Rating: 2/5

What can you do?

Document everything immediately; including dates, times, locations and witnesses

Seek professional advice from a legal expert

You can report an incident to HR or an immediate supervisor

You can use the Ministry of Human Resources and Emiratisation’s dedicated hotline

In criminal cases, you can contact the police for additional support

COMPANY PROFILE

Company name: Blah

Started: 2018

Founder: Aliyah Al Abbar and Hend Al Marri

Based: Dubai

Industry: Technology and talent management

Initial investment: Dh20,000

Investors: Self-funded

Total customers: 40

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How will Gen Alpha invest?

Mark Chahwan, co-founder and chief executive of robo-advisory firm Sarwa, forecasts that Generation Alpha (born between 2010 and 2024) will start investing in their teenage years and therefore benefit from compound interest.

“Technology and education should be the main drivers to make this happen, whether it’s investing in a few clicks or their schools/parents stepping up their personal finance education skills,” he adds.

Mr Chahwan says younger generations have a higher capacity to take on risk, but for some their appetite can be more cautious because they are investing for the first time. “Schools still do not teach personal finance and stock market investing, so a lot of the learning journey can feel daunting and intimidating,” he says.

He advises millennials to not always start with an aggressive portfolio even if they can afford to take risks. “We always advise to work your way up to your risk capacity, that way you experience volatility and get used to it. Given the higher risk capacity for the younger generations, stocks are a favourite,” says Mr Chahwan.

Highlighting the role technology has played in encouraging millennials and Gen Z to invest, he says: “They were often excluded, but with lower account minimums ... a customer with $1,000 [Dh3,672] in their account has their money working for them just as hard as the portfolio of a high get-worth individual.”

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Frankenstein in Baghdad
Ahmed Saadawi
​​​​​​​Penguin Press

Living in...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.

The Sand Castle

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- 5 wins in 22 months as pro
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Dir: David Leitch

Starring: Ryan Reynolds, Josh Brolin, Justin Dennison, Zazie Beetz

Four stars

Company profile

Name: Steppi

Founders: Joe Franklin and Milos Savic

Launched: February 2020

Size: 10,000 users by the end of July and a goal of 200,000 users by the end of the year

Employees: Five

Based: Jumeirah Lakes Towers, Dubai

Financing stage: Two seed rounds – the first sourced from angel investors and the founders' personal savings

Second round raised Dh720,000 from silent investors in June this year

Biography

Favourite Meal: Chicken Caesar salad

Hobbies: Travelling, going to the gym

Inspiration: Father, who was a captain in the UAE army

Favourite read: Rich Dad Poor Dad by Robert Kiyosaki and Sharon Lechter

Favourite film: The Founder, about the establishment of McDonald's

The Details

Kabir Singh

Produced by: Cinestaan Studios, T-Series

Directed by: Sandeep Reddy Vanga

Starring: Shahid Kapoor, Kiara Advani, Suresh Oberoi, Soham Majumdar, Arjun Pahwa

Rating: 2.5/5 

Updated: November 13, 2025, 4:18 PM