Economic Update

Baroness Morris of Bolton Excerpts

Wednesday 19th October 2022 Lords Chamber

[Lord True (Con)]

I have set out the position to the House. That was a good try by the noble Lord but this morning the Prime Minister made a statement in the House of Commons on the pensions triple lock, and that is the position of His Majesty’s Government.

[Baroness Morris of Bolton (Con)]

Does my noble friend agree that alongside supporting families and businesses with their energy costs, it is critical that we work to secure our own long-term energy supplies?

[Lord True (Con)]

Yes, I agree with that, and my noble friend Lord Howell of Guildford has been so wise on this point for such a very long time. Again, this may involve difficult decisions and reflections, and some people may have to lay aside some of their prejudices in the national interest. We will be giving very careful thought to seeking to move towards greater energy independence. I hope that that goal, which must be in the national interest, will allow all of us from different points of views to temper some of our ardour in the collective public interest.