Labor argues ‘economic madness’ of Coalition’s nuclear plan would cost NSW $1.4tn

Jim Chalmers says ‘Peter Dutton is the biggest risk to household budgets’ as Coalition defends cheaper costings modelled on a smaller power grid

The Coalition’s nuclear policy will cause a $1.4tn hit to New South Wales over the next 25 years, according to analysis Labor will use to attack the “economic madness” of Peter Dutton’s signature energy scheme.

The federal treasurer, Jim Chalmers, will on Saturday put a dollar figure on the impact on the NSW economy of the Coalition’s plan to build nuclear reactors at seven sites across Australia.

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