Nia Griffith
Main Page: Nia Griffith (Labour - Llanelli)Department Debates - View all Nia Griffith's debates with the HM Treasury
(11 years, 5 months ago)
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Nia Griffith (Llanelli) (Lab)
Confidence to invest long term in industry has been severely damaged by the Government’s creation of uncertainty over the EU, their failure to set 2030 decarbonisation targets, and their failure to control excessively high energy prices. The steel industry faces a crisis in demand. How many of the Chancellor’s mythical lists of infrastructure projects will actually begin this year?
Mr Osborne
As I said, we are spending more as a percentage of national income on infrastructure in this decade than in the previous decade. What I would say to the hon. Lady about energy-intensive industries such as steel is that there is support, which the Department for Business, Innovation and Skills is going to extend as a result of the statement to help them to cope with their high energy costs.