15:15 Diana Johnson (Labour)

I also want to talk about renewables. The Humber area is working hard to be the UK’s renewable energy estuary, in the interests of energy security, of fighting fuel poverty and climate change and of growing this important area of our economy for the nation. It is therefore unhelpful to keep getting so much hostility to renewable energy from those on the Government Benches. The Budget introduces a change to the climate change levy, which will now also apply to companies that use renewable energy. That will effectively be a charge of £490 million for companies that have switched to renewable energy, and it will discourage firms from using renewable energy in the future. By 2020, the cut will amount to £910 million a year, which will discourage investment in renewable energy sources.

[Source]