T3. The Secretary of State will know that almost alone among advanced economies, the UK economy is still smaller, and our industry is still producing less, than before the global financial crisis. Does he agree that strategic industries such as steelmaking are essential for growth that is more manufacturing-based and investment and export-led? While the Budget announcement of relief on the rising costs of the renewables obligation is very welcome, two years is too long to wait. Will he seriously consider the case that Tata and other energy-intensive users are making to bring this in sooner?
(10 years, 11 months ago)
Commons ChamberI said that the rural sub-obligation would be improved to ensure that people are benefiting from it. We have some evidence that during the first year of the ECO it was not getting through to rural people, so reforming that would be a real benefit. It is true that there will almost certainly be fewer solid wall insulations done as a result of the changes. We have not hidden that, but we have ensured that there is a minimum floor to give the industry confidence. The measures we are proposing for the energy efficiency industry—the stamp duty incentive and the money for private sector landlords—will also help to ensure that the solid wall insulation industry continues to get support.
You may well be right that the Energy Secretary is doing his best, Mr Speaker, but it is simply not good enough. After today, people will still see their energy bills going up, so would they not be right to conclude that he and the Prime Minister are simply too weak and unwilling to stand up to the big energy companies?
Not at all. People will look at the Labour party and see a party that is offering a con, a party that will undermine competition and reduce choice, meaning that they end up paying higher bills, and a party that is going against the national interest. We need to see investment in our energy industry to ensure that we keep the lights on. People around the country would not thank any Government who did not ensure that we had the investment for energy security.