(11 years, 2 months ago)
Commons ChamberT9. What assessment has my right hon. Friend the Secretary of State made of the implications for fuel poverty if the suggestion by the Free Enterprise Group of Conservative MPs to upgrade VAT on fuel to 15% is implemented?
(12 years, 2 months ago)
Commons ChamberOur legislative, financial and levy control framework has been warmly welcomed by the offshore wind industry as the biggest boost it has ever seen. I hope that that will reassure the hon. Lady.
The hon. Lady mentioned Tata Steel, which, obviously, is an energy-intensive user. Energy-intensive industries have often been concerned about energy prices and the impact of moving to low-carbon energy. In his autumn statement last year, my right hon. Friend the Chancellor put forward proposals for supporting them and those have been taken forward. The hon. Lady will see in today’s announcement that we are helping energy-intensive industries with respect to contracts for difference in the electricity market reform regime. I think that will be widely welcomed.
I welcome today’s statement and the Energy Bill. I hope that my right hon. Friend will confirm that we are now on track with our aspiration to be the greenest Government ever.
Specifically, what effect will his announcement have on projects such as Eggborough power station—a coal-fired station on the starting blocks and ready to convert to biomass and eventually carbon capture? It is waiting to go ahead.
My hon. Friend is absolutely right: we are on track to be the greenest Government ever. Yesterday, I was at the launch of the green investment bank, which is just one example, in Edinburgh.
My hon. Friend will be pleased to know that the Minister, my hon. Friend the Member for South Holland and The Deepings (Mr Hayes), is meeting Eggborough representatives today. I cannot comment ahead of that meeting, but I believe that Eggborough and other power plants will like our proposals.
Indeed, but the Office of Fair Trading report found that there was not detriment to the consumer in response to the tie. The pubs I go to tend to have all sorts of guest ales as well, so there is still that possibility.
(13 years, 3 months ago)
Commons ChamberAs part of the deregulation process prior to the sale, we can expect a reasonable rise in stamp prices, which are currently the second lowest in Europe, despite the fact that we have the highest delivery specification. Does my hon. Friend agree that it is ironic that the Labour party now criticises us for remedying the problems that it created through its regulation procedures?
(13 years, 11 months ago)
Commons ChamberWe do not propose to take away all the rights to which the hon. Lady refers. We are approaching our employment law in terms of ensuring fairness for employees and that businesses have the freedom and flexibility to take on more people. I would have thought that she welcomed the fact that we want to reduce the dole queues by ensuring proper employment reform.
I greatly welcome this week’s news that the directors of Farepak and its parent company have been disqualified, and I am sure that the whole House, alongside all the families who lost money, will do, too. What can we do now to ensure that companies like that are not able to bleed their subsidiaries of savers’ and families’ money?