The Growth Plan

Debate between Peter Grant and Kwasi Kwarteng

Friday 23rd September 2022 Commons Chamber

[Kwasi Kwarteng]

The hon. Lady does well to raise this issue, because clearly the people who benefit from a limit to the price of electricity will not include people in rural areas who are off the grid. That is why my right hon. Friend the Secretary of State for Business, Energy and Industrial Strategy has announced some measure of support, and we are looking at other ways we can help people in the way the hon. Lady has described.

[Peter Grant (Glenrothes) (SNP)]

I am very proud of the fact that Glenrothes was the first town in any of our four nations to be recognised by the Living Wage Foundation for its progress towards becoming a living wage town—and that is a proper living wage, not the Chancellor’s pretendy, kidding-on one. The Living Wage Foundation has recently confirmed that the proper living wage needs to increase by more than 10% just for people to stand still. Fife Council, other public bodies and the many private businesses that act as their suppliers are keen to continue to pay that fair living wage to all their workers. Will the Chancellor confirm that the public spending budget will guarantee adequate funding so that responsible public sector employers can continue to pay a fair wage to essential workers? Or does he expect key workers to survive on rounds of applause for another 12 months?

Oral Answers to Questions

Debate between Peter Grant and Kwasi Kwarteng

Tuesday 7th June 2022 Commons Chamber

[Kwasi Kwarteng]

I am always very pleased to hear the hon. Gentleman’s contributions, given that he was born in my constituency—I am always pleased to see constituents doing extremely well in life. On my role, he is absolutely right that I am responsible for energy—I was Energy Minister and am now the Secretary of State—and that is why we have brought through the net zero strategy, which has plenty on energy from waste, including in relation to our energy needs.

[Peter Grant (Glenrothes) (SNP)]

The recently published preliminary report by the administrators of the failed Safe Hands funeral plans company suggest that this is yet another instance in which company directors have made false promises to innocent people, taken their money, played fast and loose with it and are likely to have lost it all. Will the Minister give us a timetable for the various bits of legislation in the Queen’s Speech so that dodgy company directors can be held to account immediately and not 10 or 15 years later?

Bulb Energy: Administration

Debate between Peter Grant and Kwasi Kwarteng

Wednesday 24th November 2021 Commons Chamber

[Kwasi Kwarteng]

Absolutely. My hon. Friend will be happy to realise that that is exactly what we are doing through the 10-point plan, with commitments to offshore wind, solar power, nuclear power and other technologies. It is a huge imperative for us—and for me as Secretary of State—to ensure that we have a diversity of supply.

[Peter Grant (Glenrothes) (SNP)]

Bulb was the seventh largest energy supplier in the United Kingdom. How much bigger does a supplier have to be before it is too big to be allowed to fail? What are the Secretary of State and his Cabinet colleagues going to do to ensure that the cost of this market failure is not borne by ordinary families, who are already struggling to pay their fuel bills this winter?

[Kwasi Kwarteng]

The hon. Gentleman makes a point about Bulb. It was a very large company, which is precisely why the supplier of last resort was not felt to be an appropriate mechanism in this instance. [Interruption.] Hon. Members chunter from a sedentary position. The solution is the special administrative regime, which I outlined—I hope, clearly—in my initial statement.

UK Steel Production: Greensill Capital

Debate between Peter Grant and Kwasi Kwarteng

Thursday 25th March 2021 Commons Chamber

[Kwasi Kwarteng]

I am delighted to relate to my hon. Friend that she is absolutely right. We need to retrain people in new green technologies, which is precisely why I, as energy Minister, with my hon. Friend the Member for Chichester (Gillian Keegan), set up the green jobs taskforce to look at exactly the requirements and skills we need to drive the green industrial revolution.

[Peter Grant (Glenrothes) (SNP) [V]]

We know that Greensill was a major financer of the Gupta Family Group and, understandably, the questions today have focused on the employment concerns that its workers might have, but we do not know what other businesses may have relied on financing from Greensill and been affected. When does the Secretary of State expect to have that information fully pulled together, and can he undertake, as far as is allowed by commercial confidentiality, to keep Members of Parliament informed of any other businesses that might be at risk as a result of the collapse at Greensill?

Oral Answers to Questions

Debate between Peter Grant and Kwasi Kwarteng

Tuesday 10th November 2020 Commons Chamber

[Kwasi Kwarteng]

Obviously, I am not familiar with the exact details that the hon. Lady refers to. What I can point out is that in her constituency of Central Ayrshire, banks have provided something like £37 million of business loans, but I would be very interested to hear the specifics of that case and to see what we can do to meet those concerns.

[Peter Grant [V]]

In response to a question from my hon. Friend the Member for Inverness, Nairn, Badenoch and Strathspey (Drew Hendry), the Secretary of State claimed that Her Majesty’s Revenue and Customs does not have the information necessary to distinguish between an active, working owner-director of a small business, and an absentee shareholder of a big business who contributes no part to the running of the business. HMRC may not have all that information, but Companies House definitely does and most of it is on public record, so can the Minister tell us what discussions his Department has had with Companies House in the last seven months with a view to using that information to identify the million or so small businesses that have been deliberately excluded from Government support up until now?

[Kwasi Kwarteng]

We are in constant contact with Companies House and other sources of information relating to businesses. With regard to the specifics, I am not as familiar with those charges as the hon. Gentleman, but again I point out that something like £30 million of loan money—of credit—has been supplied to companies in his constituency.