Gerald Jones
Main Page: Gerald Jones (Labour - Merthyr Tydfil and Rhymney)Department Debates - View all Gerald Jones's debates with the Wales Office
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Gerald Jones Excerpts(1 year, 2 months ago)
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Dr Davies
My right hon. and learned Friend is of course right that co-operation is always a good thing, and in fact interconnectors are critical to our energy security. Only last week I met a company proposing to connect mainland Great Britain with the Republic of Ireland through a second interconnector.
Gerald Jones (Merthyr Tydfil and Rhymney) (Lab)
We know that oil and gas producers have been making record profits for more than 18 months, but the Government’s paltry windfall tax began in May last year. How can the Government justify leaving billions of pounds of excess profits untouched while so many people across Wales are struggling with household bills and the rising cost of living crisis?
Dr Davies
Mercifully, energy costs now appear to be on a downward trajectory, but the hon. Gentleman will be aware that up to 70% in tax has been taken from energy producers through the windfall tax, which is bringing a great deal of money into the Treasury to help to fund the support packages that people are relying on.