Energy Update

Debbie Abrahams Excerpts

Monday 5th September 2022 Commons Chamber

[Greg Hands]

The hon. Gentleman is inviting me to speculate on the date of future Government announcements, which I am not able to do, but I will say that I do not think he will have long to wait.

[Debbie Abrahams (Oldham East and Saddleworth) (Lab)]

The issue around energy costs for businesses was a key priority for businesses I met in July. We know that business insolvencies are at a 60-year high at the moment. I am also getting a lot of feedback on the doorstep, when I meet constituents, who are concerned about how they will manage with the forthcoming energy price increase. We know that the new Prime Minister is not keen on handouts, but if there is not a reasonable offer from the new Prime Minister, what would be the Minister’s assessment of the increase in debt, homelessness and insolvencies and, as a consequence of all that, the increase in excess deaths?

[Greg Hands]

I thank the hon. Lady for that question. I have already said how well aware we all are of the increase in costs for businesses, but I think she paints an unhappy picture that goes beyond the reality of what businesses are facing in this country. If we consider the amount of support that the Government gave during the pandemic, and the level of employment in this country, including a record high in payroll employment, we see some really good economic figures coming out of that. Of course, we recognise that businesses are facing those big increases in energy costs, which is why I expect announcements to be forthcoming quite soon.