Pride in Place
Debate between Miatta Fahnbulleh and Jon Trickett(2 weeks, 3 days ago)
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Miatta Fahnbulleh
I think the hon. Gentleman is asking me to do the Chancellor’s job, which I shall not be able to do. We think that this is an exciting way of investing in our communities, and that there is a huge opportunity for us to leverage in additional investment. We are very keen to talk to social impact investors and philanthropists about how we can invest. There is also a lot of interest among the business community—local businesses and business improvement districts—in bringing this together. If we get this right and the funding in place leverages in additional funding, we will have shown that this is a way of operating that we can then roll out across the country.
Jon Trickett (Normanton and Hemsworth) (Lab)
The Featherstone people have great pride in their place, but they are also shrewd. They know that the Tories did austerity, trickle-down economics and cuts across the health service, so they will very much welcome this announcement. May I push the Minister a little bit further on the question of a new economic model? Top-down economics has failed. Treasury mandarins do not understand what is happening in a place like Featherstone, whereas Featherstone people do. Does she see this measure as a way of community wealth building from the bottom up, rather than economics from the top down?
Miatta Fahnbulleh
Absolutely. The Prime Minister spoke about grassroots growth, which is growth rooted in our communities and our places, where we build community wealth, which fundamentally changes and rewires the economic model and the economic settlement. We are very deliberate about the fact that we want to put communities at the heart of both driving change, and driving wealth and economic opportunity. That is how we drive up living standards.
Warm Home Discount
Debate between Miatta Fahnbulleh and Jon Trickett(8 months, 1 week ago)
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Miatta Fahnbulleh
The hon. Gentleman is right that energy prices are too high—on that, we agree. We also agree that that is worrying for families and businesses across the country. However, I would point out that 80% of this rise has been driven by wholesale prices. I would also gently remind him that the reason we are in this position—the reason we are so exposed to global fossil fuel prices over which we have no control—is because the Conservatives spent 14 years in government squandering the opportunity to accelerate the transition to clean power and reduce our dependence on global fossil fuel prices, leaving families across the country exposed.
The status quo is not tenable. We are at a point where energy prices are at an historic high, and we got here under his Government. That is a status quo that we are not willing to contend with. That is the reason—not because of ideology, but because we see the obvious: as long as we are dependent on global fossil fuel prices, we will be on this rollercoaster. That is what is driving the push to clean power. While the Conservatives have no alternatives, we have a clear alternative: we run to clean power; and while we do that, we support the most vulnerable households in the short term.
To answer the shadow Minister’s question, Ofgem is in the process of consulting on the debt support scheme as we speak, and we will support it to put that in place. We know that the debt burden has increased by £3.8 billion, and more than 1.8 million households in need of help will be supported by that scheme. We are absolutely committed to cutting bills—everything we are doing as a Government is driven by that desire and clear commitment. We will do that both through short-term measures and, critically, by running at clean power by 2030.
We have a plan to deal with energy bills. The Opposition have a plan to slow down and do nothing, and it will be the British public who pay the price.
Jon Trickett (Normanton and Hemsworth) (Lab)
It is clear that the Conservative party left this country dependent on global fossil fuel supplies, which both burn the planet and are damaging in terms of price controls. However, the Tories left something else as well: a rigged energy market, which gave £480 billion to the energy industry yet left 8 million households—probably 17 million people—in fuel poverty, spending more than 10% of their income on energy.
It is therefore welcome that the Minister has today announced an additional £150 for the warm home discount, but that, as I understand it, is a one-off payment for next winter. A £150 one-off payment will not resolve the underlying problem—today, the regulator has increased the cap by £111 or £108, depending on how it is calculated, per year on an ongoing basis. I welcome the Government’s announcement and recognise the Minister’s commitment to changing the way that things work. However, will my hon. Friend confirm to the House that the Government intend to end this rigged market, which works in favour of the profiteers, and tackle the scourge of fuel poverty, while at the same time securing a just transition to clean energy?
Miatta Fahnbulleh
My hon. Friend is absolutely right. We have an energy market that does not work sufficiently in the interest of consumers, and we are committed to turning that around. That is why we are reforming the electricity market, why we are trying to drive forward a shift from fossil fuels to clean power, and why we are putting in place the review of Ofgem, to ensure that customers and consumers are at the very heart of everything we do in the energy market. This is an important step to supporting households in the short term. We took action this winter, with up to £1 billion of support through Government and industry to help the most vulnerable customers, and the measures announced today will ensure that we will provide support next winter. However, it is not the end of our ambition; it is the start of our ambition to reform the energy market.