INEOS Chemicals: Grangemouth

John Cooper Excerpts

Wednesday 17th December 2025 Commons Chamber

[Chris McDonald]

My hon. Friend makes the point incredibly well about the need to reindustrialise and create good industrial jobs. It is my mission as Industry Minister to release additional productive capacity in the UK that will increase our manufacturing output and improve our productivity and balance of trade. That is rare—it might be decades since a Government have had this level of ambition for our industrial and manufacturing sectors—but for us it is about not just ambition and words but delivering jobs on the ground.

[John Cooper (Dumfries and Galloway) (Con)]

It would be churlish of Opposition Members not to recognise the importance of these 500 jobs or welcome their being saved, as it would for Government Members not to acknowledge that we are seeing a sort of self-licking ice cream here—a self-perpetuating system whereby the Government have to intervene in industries that are being damaged by their own policies. Industry that is hanging on by the skin of its teeth will not take well to the news of cheaper energy prices in due course—years down the line—because it is almost at the edge of going out of business. Instead of measuring ourselves against expensive Italy and France, should we not be looking at the much cheaper prices in the United States and China?

[Chris McDonald]

I enjoyed the analogy about the self-licking ice cream, but it demonstrates a lack of understanding of what a real industrial strategy is on the Conservative side of the House. We all like to think that things are simple, but then we grow up. It is important to recognise that these industries are trading in international markets and need to abide by their rules. What we have done is to create a package that supports a sustainable business plan for that industry. The hon. Member mentions the lower energy prices in the USA—I acknowledge that the USA has lower energy prices, primarily due to its decision to introduce fracking. We have decided not to do that. Is he saying that he would like to do that? If he would, that is fine, but it is a point of difference between us—we will not do that. Our policy is to ensure that our industries remain competitive without that.