Energy Prices: Support for Business

Alison Thewliss Excerpts

Thursday 22nd September 2022 Commons Chamber

[Mr Rees-Mogg]

We will legislate to ensure that the reduction in the wholesale cost is fed through to people in mansion blocks or whose energy is bought centrally and who are then charged through a service charge. That will be a fundamental part of these proposals.

[Alison Thewliss (Glasgow Central) (SNP)]

Calder Millerfield in my constituency has been quoted a 345% increase in its electricity costs alone. Although I appreciate the Secretary of State’s plans to help in the next six months, what can he offer Calder Millerfield after the end of that six months? A 345% increase just in electricity costs could put this business under.

[Mr Rees-Mogg]

The hon. Lady raises the issue of these extraordinary, large rises, which concern MPs on both sides of the House. That is why we have brought forward this package. I am trying to give as much reassurance as I can without pre-empting the review. As I said, we have introduced this measure on a completely broadbrush basis because it is the right thing to do at the moment—it is needed urgently. However, we need to examine in a review exactly who should benefit, and then announce that in plenty of time for 1 April. In that way, we can see what support is needed for the longer term.