Oral Answers to Questions

Blake Stephenson Excerpts

Tuesday 15th July 2025 Commons Chamber

[Michael Shanks]

I will repeat what I have said before: we are obviously hugely disappointed by the way that the owners have dealt with the company. I repeat the ask that I have made in the House a number of times, and in writing to the chief executive, that he should put his hands in his pockets and do the right thing by the workforce. We are doing everything we can as part of the insolvency process safely to manage the refinery, and to look at whether there are buyers interested in taking it on.

[Blake Stephenson (Mid Bedfordshire) (Con)]

T7. The latest central estimate from the Office for Budget Responsibility puts the cost of achieving net zero by 2050 at £803 billion, with half that cost attributed to lost fuel duties. Does the Secretary of State accept that the Government will need to increase duties elsewhere, including on renewables, which could push bills up further?

[Ed Miliband]

The most significant thing about the OBR report is that it says there is an 8% threat to our GDP by 2070 in a 3°C world, and a 56% rise in the debt to GDP ratio if we do not act on climate change. That is the most important thing from that report, which I recommend all hon. Members read over the summer.