Oral Answers to Questions Debate

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Department: HM Treasury

Oral Answers to Questions

Felicity Buchan Excerpts
Tuesday 15th March 2022

(2 years, 1 month ago)

Commons Chamber
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John Glen Portrait The Economic Secretary to the Treasury (John Glen)
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He is not doing that. The schemes were set up in various ways, depending on the size of businesses, and it will be for the individuals who borrowed money to engage with the lenders to refinance those loans on a case-by-case basis.

Felicity Buchan Portrait Felicity  Buchan  (Kensington) (Con)
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T9.   People in my constituency who live in mansion blocks where heating is paid for centrally do not currently benefit from the energy price cap. That is clearly an anomaly. Will my hon. Friend meet me to discuss ways in which we might ameliorate the situation?

Helen Whately Portrait Helen Whately
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My hon. Friend has made an important point. We recognise that some people living in mansion blocks are part of a heat network and are not covered by the price cap. I draw my hon. Friend’s attention to the £144 million in discretional funding that went to councils as part of the recent £9 billion energy support package, and to forthcoming legislation in which we will give Ofgem new powers to regulate prices in the sector as a matter of priority.