EU Referendum: Energy and Environment
Dawn Butler Excerpts(8 years, 3 months ago)
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Barry Gardiner
The hon. Lady, whom I regard as an hon. Friend, particularly on these matters, speaks with great knowledge. She is absolutely right about the Green Investment Bank, which was set up for a particular purpose: the Government recognised that there was a market failure. It was quite right of the Government to put the Green Investment Bank in place, but unfortunately the borrowing powers did not come quickly enough, and I think it is a huge mistake now to privatise the bank. It is a matter of deep regret to all who work in this environment. As for the hon. Lady’s remarks about the European Investment Bank, I shall come on to that subject later in my speech.
Dawn Butler (Brent Central) (Lab)
On the subject of insecurity in investment, National Grid has said that fuel prices are about to rise as a result of the Brexit result. My “Prepay Rip Off” campaign showed that consumers were being overcharged to the tune of £1.7 billion a year. Does my hon. Friend agree that it is important that the Government outline what they are going to do to ensure that consumers are not ripped off further by having to pay more for their fuel?
Barry Gardiner
My hon. Friend and constituency neighbour has run a superb campaign on fuel poverty. She makes reference to the £1.7 billion that the Competition and Markets Authority report showed UK bill payers were being overcharged—overcharged by quite obscene amounts. It is, of course, right for the Government to come up with clear proposals about how to tackle that abuse, without just saying, as they have to date, that people need to be enabled to switch more easily.