Energy Costs in Wales
Debate between Ruth Jones and Jonathan Edwards(2 years, 1 month ago)
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Jonathan Edwards
Can I take the hon. Lady back to the windfall tax? I do not think a windfall tax would pay for all the energy schemes, but it would definitely make a significant contribution to the public intervention that will be required. The reality is that even the oil executives are mildly in favour of it: BP announced a few months ago that a windfall tax would not make any difference to its investment plans over the next 10, 15 and 20 years.
Ruth Jones
The hon. Gentleman puts it far more eloquently than me. Absolutely—these people are actively saying, “These are excess profits that we did not expect, so they should be used to mitigate the problem.”
I say to residents in Newport West and across Wales that the Welsh Government’s scheme is open to households in which the applicant or their partner is in receipt of one of the qualifying benefits at any time between 1 September 2022 and 31 January 2023. Folks in Newport West can get in touch with my office if they want or need support with the application process.
If we are expecting working people out in the country to tighten their belts, I urge Ministers to wake up and make sure the oil and gas companies pay their share too. That is what we are here to do, and if the Government do not want to do that, they should make way for a Labour Government who will.