Alex Cunningham
Main Page: Alex Cunningham (Labour - Stockton North)(10 years, 11 months ago)
Commons ChamberIt would be worse than that: it would be the poor old consumers who did so, because the cost of capital would go up. There would also be a reduction in investment in green energy, which the Opposition claim to support, so the Opposition’s policy is both irresponsible and reckless.
Around 100 people from my constituency, and hundreds more, face two extra hours on their working day after npower announced it was closing its Thornaby office, and that those people would therefore have further to travel. The company says that it is doing that, and sacking hundreds more and transferring the jobs to India, to help keep bills down. Has npower told the Secretary of State how much bills will come down by, at the expense of those lost and transferred jobs?
This was discussed in a little more depth in oral questions to the Department of Energy and Climate Change last week. I made it clear that other Secretaries of State, particularly my right hon. Friend the Secretary of State for Business, Innovation and Skills, and I will look at what we can do to help people who are affected by npower’s redundancy package.