(11 years ago)
Commons ChamberUrgent Questions are proposed each morning by backbench MPs, and up to two may be selected each day by the Speaker. Chosen Urgent Questions are announced 30 minutes before Parliament sits each day.
Each Urgent Question requires a Government Minister to give a response on the debate topic.
This information is provided by Parallel Parliament and does not comprise part of the offical record
I can only say “dream on” in response to that answer. Will the Chief Secretary admit that the falling costs of renewable energy confirmed by the cuts to onshore wind and solar subsidies announced today simply demonstrate that the Government’s grotesque subsidy for nuclear is economic madness, since it is now clearer than ever that it will be cheaper and quicker to cut carbon and meet our energy needs through renewable energy, rather than nuclear power?
I am rather surprised not to hear the representative of the Green party welcome our commitments to making onshore wind more cost-effective and the big commitment to offshore wind set out in the national infrastructure plan. We must ensure that we have balance in our energy mix, and having nuclear power stations alongside renewable energy is the right mix. The Government are committed to that and I intend to ensure that we see it through.
(11 years, 5 months ago)
Commons ChamberI will make some progress before giving way.
For the first time in a generation, the Trident alternatives review shows that there are credible and viable alternatives to the United Kingdom’s current approach to nuclear deterrence. A different approach would allow the UK to contribute meaningfully to the new multilateral drive for disarmament initiated by President Obama, while maintaining our national security and our ultimate insurance policy against future threats.
My hon. Friend will have a chance to see the proposed Liberal Democrat policy paper when it is published in a few weeks’ time. The purpose of this debate is to consider the Trident alternatives review.
On the review’s comprehensive nature, does the right hon. Gentleman not agree that a review that fails even to consider the option of not replacing Trident at all and having no nuclear submarines is ultimately flawed? Decades after the cold war and in the midst of austerity, the key question that has to be asked is whether Britain needs a nuclear submarine system that will cost us £100 billion over the next 30 years.
That is of course a legitimate point for political debate, but the purpose of the review was to consider alternative nuclear weapon systems that could act as a deterrent. The review was never designed to consider the option of unilateral disarmament, although the hon. Lady is free to argue for that.
(11 years, 7 months ago)
Commons ChamberI strongly welcome that report. The Government have already introduced a package of measures, including start-up loans to support new small businesses. Lord Young has presented his findings to the Government and we will respond in due course.
Given the increasing evidence, such as last month’s Carbon Tracker report, showing that so-called unburnable carbon assets pose a serious risk to the financial system, will the Minister look seriously at the proposal that companies should be required to disclose the carbon emissions potential of their fossil fuel assets?
(12 years, 11 months ago)
Commons ChamberMy right hon. Friend has worked assiduously on behalf of his constituents to ensure that the enterprise zone includes the port of Blyth and the land at East Sleekburn, which will enable private sector firms to come into the area blighted by the problems at Alcan. Capital allowances will of course be available within the enterprise zone, and that will certainly include this territory.
The huge reserves of coal, oil and gas held by companies listed in the City of London have been called a sub-prime asset, because the global drive to reduce emissions is likely to cause fossil fuel reserves to lose value. Has the Minister any plans to ask the Financial Policy Committee to examine the impact of over-exposure to high-carbon assets by London listed companies, and what other plans has he to remove the carbon bubble from our financial system?
(14 years, 2 months ago)
Commons ChamberI am going to press on with this section of my speech, and then I will give way in a moment.
In June’s emergency Budget, we set out the road map to recovery and took the country out of the danger zone. The independent Office for Budget Responsibility examined our plans in June and forecast the economy growing and unemployment falling in every year. It also assessed that we were on course to eliminate the structural current deficit and see debt fall by the end of this Parliament, one year ahead of our mandate. The recovery will be choppy, but we are confident that our plan will see us through.
Does the Chief Secretary accept that he is introducing a benefit system based on punishment? Does he agree that anyone out of work for more than a year will now lose 10% of their housing benefit? That is punishment. What advice would he give to my constituent in Brighton who has gone for 465 jobs over the past 10 months without success?