(2 days, 20 hours ago)
Commons ChamberI can absolutely give that assurance. I have had meetings about this issue just this week. We are ambitious for the just transition for Grangemouth and recognise the issues not just with the refinery but with the polyethylene cracker. We will get to work and set that meeting up.
Many rural businesses rely on farms for their trade. Since the Government announced the family farm tax in the Budget, CBI Economics has spoken to over 4,000 businesses and farms across the country—49% said that they have either cancelled or deferred investment, and 34% said that they have reduced or paused it altogether. How can the Government say that they are supporting local businesses, and what will the Department do to support farms and rural businesses that are suffering because of the Government’s policies?
I feel that is a question for either the Treasury or the Department for Environment, Food and Rural Affairs, but the hon. Lady made it well. Agriculture features prominently in trade and business, and I will ensure that she gets the right opportunity to put questions about taxation to the Chancellor.
(1 week, 4 days ago)
Commons ChamberMy hon. Friend is completely correct. Indeed, the Leader of the Opposition confirmed on the “Today” programme this morning that the Conservative party policy is for an electric arc furnace at Scunthorpe or Scunthorpe and Teesside—it is unclear—which would have cost nearly twice as much as the existing proposals, without any mention of primary steelmaking. I understand that the official Opposition’s position is that they are not in favour of retaining primary steelmaking capacity in the UK.
In her statement, the Minister celebrated the fact that this is not the end of British Steel, and we all welcome that, but Labour’s policies very well could be the end of domestic oil and gas, whether it is the extended windfall tax, removing investment allowances or no new oil and gas licences. We are walking towards the end of our domestic oil and gas sector, which has proven so beneficial to us across Scotland and the UK, all the while offshoring our emissions and relying on, at best, unreliable and, at worst, hostile states such as China to supply our renewable energy infrastructure. Taking the example of British Steel, is it not time to reverse Labour’s headlong rush towards ending oil and gas in the North sea and to rely on our domestic supply for as long as we can, to help our energy security into the future?
It would be helpful to understand the Opposition’s official position when it comes to China. China is the world’s second largest economy and our fourth largest trading partner. Hundreds of thousands of jobs in this country rely on our relationship and our trade with China. We on the Government Benches believe in free and open trade, and we will continue on that basis. The hon. Lady suggests that that is not the Conservative party’s official opinion; it would be useful to understand that.
Some 70,000 jobs have been lost in North sea oil and gas since the Conservatives were in power, because it is a declining basin and it is getting harder to drill for oil and gas—we know that. The transition is happening; the issue is how we support that. This Government are putting in place a huge amount of support to try to ensure that those very skilled workers can transition into the green energy sector. I repeat this statistic: £43.7 billion of private sector investment in clean energy has been promised since this Government came to power. Is it really the Conservatives’ opinion that we should throw away all that investment and not protect all those jobs for the future?
(1 month, 3 weeks ago)
Commons ChamberMy hon. Friend is standing up for the jobs and the young people in her community, and it is a shame that the national Conservative party Opposition do not seem clear on what their policy is. Where people can see the jobs and the benefits, councils such as her Conservative-led council support renewables, but for some reason Conservative Front Benchers do not. I do not understand that, but we will keep backing this agenda because we know it will deliver jobs.
A really interesting line in the Minister�s statement shows, in my opinion, the Labour Government�s complete misunderstanding of the role of the North sea. She said that
�the reality is that new licences�awarded in the past decade have made only a marginal difference to overall production.�
However, that does not take into account the jobs they have supported, the tax intake that comes with them, and the skills, investment and expertise they have preserved and that will help in the transition to renewable energies. Is the Minister saying in her statement that she is actually willing to sacrifice all that to ideologically stop new licences in the North sea?
The previous Government oversaw a loss of 70,000 jobs that they cared not one jot about. They had no plan of support and no transition plan, and they allowed that managed decline without any commitment. This Government are doing exactly the opposite. We are supporting that transition, we are supporting those workers and we are making sure we can transition people, grow the economy and deliver energy security at the same time.