Energy Update

Wayne David Excerpts

Monday 5th September 2022 Commons Chamber

[Greg Hands]

I do not think that the hon. Lady will have long to wait. I say to her that we absolutely share those concerns. All Government Ministers, at least in the Commons, are obviously constituency MPs as well, and we have these kinds of cases in our constituencies, including in my constituency. We are well aware of the big rises in energy prices being faced by many businesses at the end of their contract when taking up a new contract.

[Wayne David (Caerphilly) (Lab)]

Manufacturing in this country is facing a truly terrible crisis. For example, OGM Moulding Innovation employs 220 people in England and Wales, including in my constituency of Caerphilly, and it faces a massive increase in its energy costs. Unless something is done urgently, it faces closing three factories. It does not qualify for special support, because it is not deemed an energy-intensive company. Nevertheless, it uses a huge amount of energy. My plea is very simple and straightforward: will the Government give a commitment that they will come forward in the next few days with comprehensive packages to help companies such as OGM Moulding Innovation?

[Greg Hands]

I thank the hon. Gentleman for his question and for his concern for his constituency-based business. As I said in answer to the previous question from the hon. Member for St Albans (Daisy Cooper), we are all keenly aware of the difficulties that many businesses are in. On the other engagement that we have had with the sector, the Secretary of State has been meeting energy suppliers. The Chancellor of the Exchequer has heard loud and clear from the Confederation of British Industry, the Federation of Small Businesses, Make UK and others. The Government are of course keenly aware of the situation, and I do not think the hon. Gentleman will have long to wait to hear the response.