Karen Bradley
Main Page: Karen Bradley (Conservative - Staffordshire Moorlands)(12 years, 6 months ago)
Commons ChamberRead Full debate Read Hansard Text
Urgent Questions are proposed each morning by backbench MPs, and up to two may be selected each day by the Speaker. Chosen Urgent Questions are announced 30 minutes before Parliament sits each day.
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Gregory Barker
I find this scaremongering and doom-mongering from Labour Members to be absolutely reprehensible. We are taking the scheme back to the same rate of return as when it was launched 18 months ago. We are simply trying to reduce the bubble created by the ineffective scheme set up by Labour. We believe in a sustainable path for growth, not in boom and bust like the Labour party.
Karen Bradley (Staffordshire Moorlands) (Con)
Will the Minister confirm that the cost of solar installation has fallen by 30% in less than two years? If that is the case, is it not right for feed-in tariffs to be adjusted accordingly?
Gregory Barker
My hon. Friend is right, and in fact the cost of some systems has fallen by much more than 30%. Bloomberg estimates that the cost of some of them has fallen by more than 50%—indeed, by up to 70%. This is not a United Kingdom phenomenon; prices have tumbled spectacularly throughout Europe. However, because of the ineffective system that we inherited from the Labour party, there was no way in which tariffs could keep pace with that.