(1 year, 11 months ago)
Commons ChamberThe hon. Gentleman makes a very good point. We are already doing everything we can to cut that regulatory burden, and my right hon. Friend the Member for Beverley and Holderness would be happy to take that conversation forward.
As my right hon. Friend has mentioned, the last time that a Government invested in new nuclear in this way was when my late father was at the Dispatch Box as Energy Minister in 1987. I remember very well the campaign to “Get more for your monergy”—as a nine-year-old boy, I even got to wear the T-shirt. To ensure that our constituents get more for their monergy, does it not make sense to break the link between gas prices and electricity prices? When will my right hon. Friend do that?
My hon. Friend’s late father clearly showed great foresight—it is a shame that it has taken all these years, via a 13-year Labour Administration, to do nothing at all on nuclear. I like the T-shirt that my hon. Friend’s father made him wear, and I agree with him on separating out those prices. At the moment the highest cost in electricity applies to everything, and we are actively looking at breaking that complex relationship.