Ian C. Lucas
Main Page: Ian C. Lucas (Labour - Wrexham)(12 years, 7 months ago)
Commons ChamberRead Full debate Read Hansard Text
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Gregory Barker
I am happy to meet my hon. Friend, but he must understand that the one thing that would be absolutely wrong would be to encourage these firms to rush forward in a burst of growth knowing that the money would run out in a matter of months. A sustainable pathway for growth is what they need.
Ian Lucas (Wrexham) (Lab)
On a day when the Government are saying that they are in favour of jobs and growth, I find it extraordinary that the Minister is standing at the Dispatch Box and criticising Labour Members for arguing for small businesses which have invested on the basis of Government policy. These businesses will be completely shafted in six weeks’ time by his decision not to implement a satisfactory stable investment framework. What impact does he think his decision today will have on future investment in the solar industry in the UK?
Gregory Barker
I find this scaremongering and doom-mongering from Labour Members to be absolutely reprehensible. We are taking the scheme back to the same rate of return as when it was launched 18 months ago. We are simply trying to reduce the bubble created by the ineffective scheme set up by Labour. We believe in a sustainable path for growth, not in boom and bust like the Labour party.