Oral Answers to Questions

Debate between Graham Stuart and Nigel Mills

Tuesday 17th January 2023 Commons Chamber

[Graham Stuart]

I thank the hon. Gentleman for this question and for the numerous parliamentary questions he has also tabled, highlighting the need to ensure that vulnerable customers, including those on prepayment meters, are treated properly by suppliers. Where customers are not treated properly, those suppliers are in breach of their licensing conditions from Ofgem, which, as he knows, has investigated that matter, has found the suppliers wanting and is taking compliance action now. I share his frustration, as does the Secretary of State, to ensure that the system not only does what it says on the tin, but delivers in practice for people, including his constituents and mine.

[Nigel Mills (Amber Valley) (Con)]

T9.   After the price of energy, the second most common complaint from local businesses in Amber Valley is that they cannot work out how the tariff that they are quoted bears any relation to the wholesale price and the cap. They then cannot work out why all the additional charges are now, for no obvious reason, a multiple of many times what they were a year ago. Can the Minister ask Ofgem to cut down on those practices so that businesses can see a fair and transparent price that cannot be altered halfway through the year?

[Graham Stuart]

It is important to differentiate between the domestic market, which is much more heavily regulated and for which, of course, we have the energy price cap, and the non-domestic market, which is much more complicated and for which we have not felt that a one-size-fits-all approach would work. But my hon. Friend is absolutely right to highlight issues where companies do not behave in the right way. That is why my right hon. Friend the Secretary of State and I are working with Ofgem to ensure that it fulfils its obligations. It may not be fully regulated in the same way, but it has licensed conditions and it needs to fulfil them.

Oral Answers to Questions

Debate between Graham Stuart and Nigel Mills

Thursday 5th March 2020 Commons Chamber

[The Parliamentary Under-Secretary of State for International Trade (Graham Stuart)]

Winning further foreign direct investment is crucial to the delivery of rising living standards and the levelling up of left-behind communities up and down the land. Companies such as Ferrero, in the constituency of my hon. Friend the Member for Amber Valley (Nigel Mills), which exports wonderful, quality chocolate all over the world, will potentially benefit, as will other UK chocolate producers, as a result of our UK-US free trade agreement.

[Nigel Mills]

I thank the Minister for that answer, and I join him in valuing the investment that Ferrero has brought to the old Thorntons factory. Most of the large employers in my constituency have had FDI at some point or other in their history, so what more can the Government do to ensure that that investment is spread out evenly across the country, and is not just focused in London and the south-east?

[Graham Stuart]

I thank my hon. Friend for that question, because FDI is so important to the UK. Foreign-owned firms represent only 1% of businesses, yet they contribute 22% of economic output and deliver 15% of employment. My Department uses our regional teams right around the country, and in 110 countries around the world, to make sure that we get that message out. Only yesterday, I hosted a meeting with regional leaders from right across the UK at No. 10 to show the importance we attach, as my hon. Friend does, to sharing these FDI benefits right across the country.