Energy Price Cap Debate
Full Debate: Read Full DebateDepartment: Department for Business, Energy and Industrial Strategy
Tom Pursglove
Main Page: Tom Pursglove (Conservative - Corby)Department Debates - View all Tom Pursglove's debates with the Department for Business, Energy and Industrial Strategy
Energy Price Cap
Tom Pursglove Excerpts(7 years, 4 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
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Greg Clark
My hon. Friend is right, and the proposal to consult consumer groups and to go beyond the CMA’s remedies—at least what the majority report of the CMA recommended—is welcome. As I said, that is a step in the right direction, but I would want to see this put out in detail and implemented before I would be satisfied with it.
Tom Pursglove (Corby) (Con)
Speaking as someone who represents an industrial town, has my right hon. Friend, as part of the wider debate on these issues, had the opportunity to assess what impact nationalising the energy companies would have on household and commercial energy bills?
Greg Clark
I have indeed. The impact of finding the billions of pounds necessary to take these industries into public ownership would not only be a disaster for our public finances, but the destruction of investor confidence in a whole range of industries that we need investment in.