Middle East: Economic Update

Tony Vaughan Excerpts

Monday 9th March 2026 Commons Chamber

[Rachel Reeves]

It is important to understand the extent of the impacts on Northern Ireland. When we made the announcement in the Budget, we made money available for Northern Ireland to have its own scheme, recognising the slightly different energy market there. The Financial Secretary to the Treasury, who is leading on this work at the Treasury, will meet his opposite numbers in the Northern Ireland Executive to ensure that we understand the challenges there and what we can do to best support people.

[Tony Vaughan (Folkestone and Hythe) (Lab)]

I thank the Chancellor for her statement, which underlines the importance of new nuclear to boost our energy security. Many of us who back new nuclear also care deeply about nature. Dungeness in my constituency is both a nationally important habitat site and a vital location for new nuclear. Does the Chancellor agree that we urgently need a reformed framework for habitat protection—along the lines proposed by the Fingleton review—so that we can safeguard the environment and welcome new nuclear back to places such as Dungeness?

[Rachel Reeves]

I thank my hon. Friend for his pragmatic approach. We will be responding to Fingleton in the next few days and then legislating as quickly as possible to make it cheaper and quicker to build the energy infrastructure that we know we need.