(2 months, 2 weeks ago)
Commons ChamberI associate myself with the remarks of my right hon. Friend the Member for Doncaster North (Ed Miliband) about the potential of the renewable energy sector. I want to give a shout-out to Power Roll in east Durham, and draw the House’s attention to how important it is that that business is supported to move into volume production, which could create many hundreds of jobs.
I will start my speech proper by thanking my right hon. Friend the Chancellor of the Exchequer. I am going to confine my remarks to mineworkers’ pensions. For more than 30 years, successive Governments have profited from the miners’ pension funds, taking a staggering £8 billion in that time from funds built up by the hard work of miners, who powered this nation. Last year, at the first opportunity, the Chancellor honoured Labour’s manifesto commitment to transfer the £1.5 billion investment reserve fund of the mineworkers’ pension scheme. That decision delivered a 32% increase in the pensions of almost 4,000 former miners and widows in my constituency, money that has gone straight back into the local economy—into local businesses, shops and cafés. It was welcomed by all those who have campaigned for many years to secure pension justice for our retired miners.
Over the past year, the Labour group of coalfield MPs, alongside the British Coal staff superannuation scheme campaigners, have been relentless in our campaign of lobbying Ministers to secure a just settlement for the BCSSS pensioners. I am proud to say that my Government —this Labour Government—and our Chancellor have not only listened to our concerns, but have heard our plea, and have used the Budget to act. The transfer of the BCSSS investment reserve fund announced in the Budget means that a Labour Government have returned almost £4 billion to retired miners through the MPS and BCSSS schemes—a Labour Government standing up for the rights of working people and righting an historic injustice. These are real Labour values in action, showing the difference that a Labour Government can make after decades of neglect by the Tories.
James Naish
I want to acknowledge my hon. Friend’s own leadership on this issue within the House. There are almost 200 former British Coal staff living in my constituency who will see a 41% uplift in their pension, and my hon. Friend has played a large part in that, so I thank him on behalf of the House. [Hon. Members: “Hear, hear.”]
My hon. Friend is characteristically generous, and I appreciate his warm words. Many MPs representing coalfield constituencies will have cause for celebration. As chair of the coalfields group, I thank my right hon. Friends the Chancellor and the Chief Secretary to the Treasury for taking the time not only to listen but to understand the nature of this campaign over the past year. I also thank the Under-Secretary of State for Energy Security and Net Zero, my hon. Friend the Member for Stockton North (Chris McDonald)—he is a good friend—and his predecessor, my hon. Friend the Member for Croydon West (Sarah Jones), for meeting coalfield MPs, trustees and dedicated campaigners over the past year and for understanding the strength of feeling on this issue.
This Labour Government have gone above and beyond for coalfield communities, fulfilling their manifesto promise at their first Budget and, within a year, delivering justice for British Coal staff superannuation scheme pensioners. Our coalmining communities paid a heavy price—a legacy of shorter lives and industrial diseases. Ending this pensions injustice is a long overdue recognition of that service and sacrifice. It has been a long-fought battle to end one of the biggest occupational pension scandals in our country’s history, and let us be clear: it was only through this Labour Government that the change was delivered.
Just as this Labour Government have gone above and beyond for former mining communities, we must now build on that progress by addressing the entrenched inequalities that are breaking our nation. I welcome the lifting of the two-child cap. The Chancellor has listened on the issue of mineworkers’ pensions; I hope she will also reflect on the contributions that Labour Members have made this evening and throughout this Budget debate as we continue to work towards building a fairer and more prosperous country for all.
(1 year, 1 month ago)
Commons ChamberThis is a Government with a world-leading position when it comes to oil and gas, and we will do the right thing for the environment and climate change and the right thing to ensure that there is a just transition in the North sea.
On behalf of my constituents, I want to thank the Secretary of State, the Minister of State, the Parliamentary Private Secretaries and the whole team for the excellent work that has been carried out to deliver justice on the mineworkers’ pensions. Can I urge them to act with alacrity in relation to the British Coal staff superannuation scheme, and may I invite the Minister to look at some of the energy pilots that are making use of mine water from abandoned mine workings?
I pay tribute to my hon. Friend, who has been a brilliant campaigner on this issue for a very long time. My hon. Friend the Minister of State will have heard what he said. This is the difference: this is a Labour Government delivering justice for mineworkers across our country and their families, which is all part of delivering our mission for the country.
(1 year, 5 months ago)
Commons ChamberI am going to make some more progress.
Let me go through what Great British Energy will do. First, it will invest in and own clean energy projects, particularly leading-edge technologies such as floating offshore wind, by working with the private sector and taking stakes in the projects it supports. The truth is that we need to accelerate the deployment of wind, solar, tidal, hydrogen, carbon capture and nuclear, and we need to face the reality that frontier technologies carry risk. That is why there is a particular role for the Government in helping to de-risk projects by investing in them in partnership with the private sector, and in doing so capturing value for Britain.
GB Energy will invest across a range of clean energy technologies, using its £8.3 billion capitalisation. The chair has been appointed by the Government, but the company will be able to move at pace with operational independence. I am delighted that Jürgen Maier, who has a great record of achievement and is a champion of UK manufacturing and good jobs, has been appointed as start-up chair.
I completely agree with the basis of my right hon. Friend’s argument for ending the offshoring of jobs, energy assets and employment opportunities. Almost all solar panels are currently sourced from China. Power Roll, a company in my constituency, has developed a lightweight, flexible and cost-effective solar module and is eager to establish its first gigafactory. Does he agree that, to secure our energy future, Great British Energy should be supporting and investing in innovative start-ups such as Power Roll in east Durham?
My hon. Friend is a brilliant champion of his constituency and these issues, and he is absolutely right that part of the challenge we face is to expand our supply chains in Britain. I am very interested in the example he gives.