Oral Answers to Questions

Ed Davey Excerpts

Wednesday 25th March 2026 Commons Chamber

[Mr Speaker]

I call the leader of the Liberal Democrats.

[Ed Davey (Kingston and Surbiton) (LD)]

May I associate myself with the Prime Minister’s remarks about Monday’s despicable attacks on the Jewish community? Antisemitism has no place in our society. Given the potential links with the Islamic Revolutionary Guard Corps, I hope that the Government will move faster to proscribe the group as terrorists.

As a former Secretary of State for Energy who granted licences for oil and gas exploration, may I make a judgment on this argument? The Prime Minister is actually right, and the Leader of the Opposition is wrong—[Interruption.] The law is clear, and I believe in the rule of law.

Just before President Trump posted about his supposed negotiations with Iran on Monday, traders made hundreds of millions of dollars of extra bets on oil futures. This looks like Donald Trump giving his mates inside information so they can make themselves richer, while his illegal war in Iran makes everyone else poorer. It looks like corruption of the very worst kind. Does the Prime Minister share my fear that Trump is making his war decisions on the basis of what enriches him and his friends, rather than what makes peace in the middle east?

[The Prime Minister]

I thank the right hon. Gentleman for his verdict. At least he has read the law that the Leader of the Opposition obviously has not read. In relation to the traders, we have seen the activity there. What I can say is that all my decisions are based on the best interests of our country, and that is why I have decided that we will not get dragged into the war, unlike the Leader of the Opposition. I have decided that we will act in collective self-defence—in defence of ourselves and our allies. I comment on my actions, and those are the principles behind my actions.

[Ed Davey]

If Trump’s war pushes up energy bills by £500, the Chancellor’s very narrow plans simply will not cut it. While I do not fall for the crocodile tears of the leader of the Conservatives, who cheered on this illegal war without a thought for the impact on people’s energy bills, and while the Government are right to reject the idea of repeating Liz Truss’s blank cheque approach, the Government cannot ignore the millions of families who do not receive benefits and who already face a cost of living crisis. Can the Prime Minister at least guarantee to all those families and pensioners that he will not let their energy bills go up by £500 this year?

[The Prime Minister]

Well, let me now give my verdict. The right hon. Gentleman is right about the Leader of the Opposition wanting to join the war, and she is wrong about that. [Interruption.] At least the right hon. Gentleman has read the legislation on which I am being challenged; it does help. [Interruption.] At least the right hon. Gentleman is right that it was the leader of the Conservative party who said, “Let us all go to war,” without thinking through the consequences. We are now discussing the consequences.

In relation to the support, we have made clear the principles and the approach that we will take. We will keep this under careful review. Energy bills for households are capped until the end of June. It is really important that I make it clear that that will happen whatever happens in the conflict, because I know the public are concerned about that. We will then put in place appropriate support, and we will look at how we put the principles behind it.