Oral Answers to Questions Debate
Full Debate: Read Full DebateDominic Raab
Main Page: Dominic Raab (Conservative - Esher and Walton)Department Debates - View all Dominic Raab's debates with the Department for Energy Security & Net Zero
(6 months ago)
Commons ChamberI thank the hon. Lady for her question, but I do not think that consumers will. The TUC itself has highlighted the potential £61 billion to £82 billion cost that will be landed either at the taxpayer’s doorstep or directly on to consumers’ bills, which is nothing to be thankful for.
In 1985, just before privatisation, 4.2% of total consumer spending was on energy bills. Between 2000 and 2020, that dropped to between 2% and 3%. Even last year during the war in Ukraine, it only hit 3.6%. Does my hon. Friend agree that, as he has already said, the suggestion from the hon. Member for Blaydon (Liz Twist) would wallop consumers?
We have to work with businesses to secure investment. We have secured £300 billion for low-carbon technologies since 2010, as we boost UK energy production, our energy security and, ultimately, deliver cheaper bills for consumers.