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Liam Byrne
Main Page: Liam Byrne (Labour - Birmingham Hodge Hill and Solihull North)Department Debates - View all Liam Byrne's debates with the Department for Business and Trade
(1 day, 13 hours ago)
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Liam Byrne (Birmingham Hodge Hill and Solihull North) (Lab)
The Select Committee recently flagged that small businesses in our country now face pandemic-level pressures. In April, standing charges for energy are set to rise by 60%, with no price cap protection. Now, soaring oil and gas prices threaten to be the final straw for thousands of SMEs. Will the Secretary of State make an urgent assessment of the risk of soaring energy prices, and give a clear account of how we will keep the SMEs that keep this country running in business?
Blair McDougall
My right hon. Friend is absolutely right. We have taken action through the British industrial competitiveness scheme, which is a downpayment on exactly the sort of support he describes. We are constantly working on ways to cut costs for small businesses, and I am sure we will work with the Select Committee on that.