(3 weeks, 4 days ago)
Commons ChamberI could run through the list of what we achieved in office on nuclear, as the Minister has heard me do many times, but let me remind the hon. Member that the Labour party has never opened one nuclear power plant in all the years it has been in office —a record that will probably continue over the next three years.
This act of national self-harm has to come to an end. There is only one party that has a plan to cut bills, support industry, protect jobs, and make Britain energy secure. Energy costs are stalling growth, deindustrialising the country and weighing down on families and businesses.
No, I will not.
That is why Britain needs a serious plan to cut bills. With the Conservatives’ cheap power plan, that is exactly what Britain would get: a £200 cut to energy bills. It could be delivered right now if this Government prioritised the people of this country rather than wacky, unrealistic ideology. But we would not stop there; we would go much further and much faster. To make this country energy-secure, to protect British jobs, grow tax revenue and welcome billions of pounds of investment, we would tell the world that the North sea is open for business. Our “Get Britain Drilling” Bill would end Labour’s ban on new licences to unlock the gargantuan supply of opportunity that lies beneath our seas.
I will not.
We would back our world-class oil and gas industry by scrapping the ban on exporting technologies and welcoming the £5 billion of exports that that would create.
I am sorry, I will not.
The North Sea Transition Authority would be rechristened the North Sea Authority and tasked with one noble mission: to maximise North sea oil and gas drilling and raise billions of pounds more in tax cuts for the British people. The Conservatives would scrap the energy profits levy—the anvil around the neck of the industry—which Labour extended and increased as one of their first acts in government.
A profitable, attractive and investible North sea would strengthen public services and our energy security and grow our economy, making Britain a stronger country. If hon. Members agree with that, if they agree with us that a brighter, more secure and more prosperous future is possible if we fight for it, I urge them to vote for our amendment tonight.