Thank you for that guidance, Mr Speaker. My hon. Friend makes an excellent point, revealing the confusion being caused among his constituents. I hope they will make the right interpretation and support him and this Government in the future.
The drop in wholesale energy prices has allowed Governments around the world—including India, Indonesia and Egypt—to reduce the subsidies to fossil fuels in a way that is commensurate with the proposals of the United Nations framework convention on climate change and the Intergovernmental Panel on Climate Change. However, in yesterday’s Budget the Chancellor gave a £1.3 billion subsidy to our fossil fuel industries. What does the Minister make of that paradox?