10-point Plan: Six Months On
Debate between Kwasi Kwarteng and Charlotte Nichols(3 years, 6 months ago)
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Kwasi Kwarteng
I fully appreciate my hon. Friend’s points. He and I stood on a manifesto in 2019 that expressly committed us to spending £9.2 billion over 10 years on exactly the kinds of measures that he mentioned. That is something that I am very focused on.
Charlotte Nichols (Warrington North) (Lab) [V]
Thousands of my constituents work in the nuclear sector, which only this week has seen students from Warrington University Technical College beginning prestigious degree apprenticeships at Sellafield in Warrington—proof that the sector is a vital partner in the skills and levelling-up agendas, meeting our decarbonisation goals and creating high-quality green jobs. The Government have rightly concluded that we need much more nuclear power in the mix to reach net zero. However, under their watch, three large-scale nuclear projects have been abandoned due to the lack of a financing mechanism, which the Government claim to have been working on for four years. Why is nuclear financing more complicated than nuclear science?
Kwasi Kwarteng
I do not think it is. The hon. Lady will remember that the third of the Prime Minister’s 10 points was expressly committed to nuclear power. I was very pleased, as Energy Minister, to visit the nuclear college at Hinkley Point. I am sorry that I did not manage to go to Sellafield. We are completely committed to this, and we will bring forward in this Parliament legislation that will further commit us to creating more nuclear power in this country.
UK Steel Production: Greensill Capital
Debate between Kwasi Kwarteng and Charlotte Nichols(3 years, 8 months ago)
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Kwasi Kwarteng
My right hon. Friend will know that the steel industry in particular is subject to fairly stringent World Trade Organisation rules. She will also know, given the publication of our industrial decarbonisation strategy, that we are rigorously focused on trying to source clean, green steel in order to drive a green industrial revolution and to create the infrastructure projects without which we cannot have any real economic growth.
Charlotte Nichols (Warrington North) (Lab) [V]
Last year, the Government spent £4.8 billion on subsidies for wind power, yet almost no wind farms use UK steel. Those orders would be a boon to the struggling steel industry, but the Department does not even include renewable energy products in its annual list of orders that went to domestic suppliers. In January, the Under-Secretary of State for Business, Energy and Industrial Strategy, the hon. Member for Stratford-on-Avon (Nadhim Zahawi), said that the Government would consider reporting the share of UK steel used in offshore wind projects
“if it is in the public interest.”
Will the Secretary of State accept that it clearly would be in the public interest to name and shame the developers that do not use UK steel, and will he commit to making that change?
Kwasi Kwarteng
The hon. Lady will appreciate that, as part of the offshore wind sector deal, we have explicitly said that 60% of the supply chain should be UK-sourced, and clearly steel is a big part of that supply chain. She will also appreciate that, as Energy Minister, I made it a priority to ensure that in the fourth auction round at the end of this year, these targets will be met. Steel is part of that, and we are absolutely committed to having more UK content in the supply chain for offshore wind.