Oral Answers to Questions Debate

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Department: HM Treasury

Oral Answers to Questions

Gareth Davies Excerpts
Tuesday 21st January 2025

(1 day, 13 hours ago)

Commons Chamber
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Lindsay Hoyle Portrait Mr Speaker
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No, we have Gareth Davies up next. We are in complete chaos—[Laughter.] We have the wrong names coming in. What has confused everybody is the fact that Question 3 was withdrawn. Everybody is a question behind. Right, I call the shadow Minister next.

Gareth Davies Portrait Gareth Davies (Grantham and Bourne) (Con)
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Never in doubt, Mr Speaker.

May I welcome the Parliamentary Secretary to the Treasury, the hon. Member for Swansea West (Torsten Bell), to his place? The removal of investment allowances from our domestic oil and gas industry is strangling domestic supplies at a time when our storage levels are depleted. Labour’s ideologically driven, unachievable obsession with decarbonising the grid by 2030 might be good news for Chinese renewables manufacturers, but it is bad news for British households. Is it not the case that the only growth that we will see from Labour’s energy policy is in the amount that people pay for their energy bills, or can the Minister stand up now and commit—just as Labour did during the general election campaign—to cutting energy bills by £300?