The Economy Debate

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Department: HM Treasury

The Economy

Trudy Harrison Excerpts
Thursday 24th October 2019

(4 years, 5 months ago)

Commons Chamber
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Trudy Harrison Portrait Trudy Harrison (Copeland) (Con)
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It is a pleasure to follow the hon. Member for Ynys Môn (Albert Owen), because he and I share so much in our love for the nuclear industry. I refer Members to my entry in the Register of Members’ Financial Interests.

I welcome the Government’s national infrastructure strategy that is set out in the Queen’s Speech because of its long-term vision to improve our digital, transport and energy infrastructure. Such a vision, and the action taken through Government policy and in financial terms, will transform the lives and livelihoods of communities such as mine in Copeland. The first ever national infrastructure assessment has informed the strategy, which will close the productivity gap between London and other parts of the country.

It is important to recognise the incredible, proven ability of producing clean nuclear energy over many decades in countries around the world. Nuclear is tried, tested and trusted. It is a vital component in reducing our carbon emissions and hitting the net zero carbon commitment. The renewables sector has been well supported by this Government. They have quadrupled our renewables capacity since 2010 and reduced carbon emissions by 42% compared with 1990, while growing the economy by two thirds. That is brilliant progress, but renewables alone are not the answer, because when the sun does not shine and the wind does not blow, we still need electricity, heating, cooling, power and transportation every hour of the day, and every day of the year. That must be consistent and controllable, working with renewable energy.

The benefits of nuclear go beyond one industry or a local community near a reactor. A long-term commitment will bring huge benefits to research and development, science and industry, manufacturing, construction, apprenticeships, and the UK’s export potential. One aspect I would really like the Treasury to look at, however, is the cost-benefit analysis that is deployed through the Green Book, because that will never prioritise the population. It does not encourage a realisation of the true potential of communities such as mine that are northern, coastal and rural.

The benefits that come from our nuclear industry will be played out tomorrow when I visit the Sellafield graduation event, where I will see more than 130 apprentices, over 40% of whom are young women, graduating to follow their dreams in the nuclear industry. I must add to my declaration of interests, as my youngest daughter has now joined the nuclear industry as an apprentice in the sector.

As a region, the north-west has lagged behind London and the south-east. The national infrastructure strategy recognises and tackles that. The investment in local skills and industries that the Queen’s Speech promises will rebalance the economy, empower communities and decarbonise the world. That is why I shall vote for it tonight.