Oral Answers to Questions Debate
Full Debate: Read Full DebateVictoria Collins
Main Page: Victoria Collins (Liberal Democrat - Harpenden and Berkhamsted)Department Debates - View all Victoria Collins's debates with the Department for Business and Trade
(1 day, 11 hours ago)
Commons Chamber
Chris McDonald
The Government have been clear that North sea oil and gas has a future for decades to come, but let us be clear that the closures in that and other industrial sectors are a result not of this Government’s policies but of the poor, uncompetitive business environment created over 14 years and a lack of investment in British industry by the previous Government. That has been reversed under this Government, with £50 billion of investment in new clean energy industries and investors wishing to continue investing in those industries in the UK.
Victoria Collins (Harpenden and Berkhamsted) (LD)
The Parliamentary Under-Secretary of State for Energy Security and Net Zero (Chris McDonald)
This Government recognise the importance of reducing energy costs to boost UK manufacturing competitiveness. Under the modern industrial strategy, the British industrial competitiveness scheme will reduce electricity costs by up to £40 per megawatt-hour for over 7,000 manufacturing businesses. We will also increase support for our most energy-intensive industries under the British industry supercharger, uplifting the network charging compensation scheme from 60% to 90%. These measures are supported by the connections accelerator service.
Victoria Collins
Businesses across my constituency, such as Redbournbury Mill and Total Cow Burger in Redbourn, have written to me about the crippling increases in energy costs. Coupled with the increased cost of national insurance and business rates, that means they are struggling to keep going. Ahead of the autumn Budget, will the Government commit to break the link between gas and electricity prices, as the Liberal Democrats have called for, to provide much-needed relief for businesses and families?
Chris McDonald
I acknowledge the work the hon. Member does in Parliament on energy-related issues and her Adjournment debate on high street businesses; that theme clearly runs through a lot of her work. She is right to point out the fundamental weakness we have that, when it comes to our investment in renewable energy, the price is ultimately set by gas. We want to address that through our clean power mission.