(12 years, 9 months ago)
Commons Chamber8. What recent discussions he has had on the deployment of carbon capture and storage technology in Scotland.
My most recent meeting with the Secretary of State for Energy and Climate Change to discuss this issue was on 10 October. Although it was not possible to reach a deal on Longannet, the Government remain firmly committed to carbon capture and storage and I welcome the confirmation given by the Treasury that the £1 billion of funding will be made available for future CCS projects.
The Government in the 1980s refused to invest in wind power and threw away our world lead in renewables. Are this Government making the same mistake by refusing to invest in the most advanced industrial-scale carbon capture and storage project in the world at Longannet?
I do not agree with the hon. Gentleman on that, but I do agree that we are determined to see Britain take a leading role in this important technology. That is why the £1 billion of investment is still available and why Peterhead and other parts of the UK will be able to bid for it.
(13 years, 7 months ago)
Commons ChamberI do not know whether the hon. Gentleman is asking what the costs of running the system will be, but if he is, the draft regulatory impact assessment—I do not know whether he has had a chance to look at it yet—sets out our provisional estimates of the marginal costs of creating this functionality in the system. They are £45 million, with annually recurring costs of around £4 million. However, I should say to him—I am grateful for the chance to emphasise this—that a lot of that will depend on the detail that the Scottish Government and other stakeholders wish to see on documentation such as P60s. That will influence where those costs fall.
Following the point that my hon. Friend the Member for Central Ayrshire (Mr Donohoe) made, I can see that there will be formulae for different categories of employees. As a Member of Parliament who is based here in the House of Commons and whose main home is in London, I want to be taxed in Scotland, but will the Bill allow that?
Unfortunately for the hon. Gentleman, he will have to pay the Scottish rate of income tax. Parliamentarians are obliged to pay it regardless of where their main home might be.
As I was saying, the new powers will give Scottish Ministers and the Scottish Parliament a much more significant stake in the performance of the Scottish economy. The level of the Scottish rate will be Scotland’s to decide, and those who set the rates will answer directly to those affected by them. Power will rest with the Scottish people. In addition to income tax, the Scotland Bill will devolve to the Scottish Parliament responsibility for stamp duty land tax and landfill tax. That will complement its policy responsibilities for housing, planning and the environment. The Bill will also allow the Scottish Parliament to propose new devolved taxes, to sit alongside the other powers. However, the fiscal powers are not limited just to tax; they extend to borrowing powers, too. The Bill will allow Scottish Ministers to borrow up to £500 million for current spending when tax receipts fall short of those forecast.