Energy Prices: Support for Business

Rachel Hopkins Excerpts
Thursday 22nd September 2022

(2 years, 2 months ago)

Commons Chamber
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Jacob Rees-Mogg Portrait Mr Rees-Mogg
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This is of fundamental concern to His Majesty’s Government.

Rachel Hopkins Portrait Rachel Hopkins (Luton South) (Lab)
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I want to try again on local authorities, because I am not sure the Secretary of State understands that the review is simply too late. Too many councils already face budget holes—Luton Council faces a budget hole of £10 million this year—because of increasing energy costs, inflationary pressures and increasing demands. Has he had any conversations with the Secretary of State for Levelling Up, Housing and Communities about the budget planning process? Local authorities are required to produce medium-term budgets before April next year.

Jacob Rees-Mogg Portrait Mr Rees-Mogg
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The degree of certainty that is being offered is greater than in a normal year. We are saying that what will happen will be announced after the three-month review has taken place, in plenty of time for 1 April. Normally, local authorities are dependent on the vicissitudes of the market.