14:55 James Wild (Conservative)

What a load of nonsense. The clue is in the word used by whoever drafted the motion, “global”. Other countries face the same challenges from the rise in wholesale gas prices that we are facing. Some 80% of the increase in the energy price cap here comes from wholesale prices. The motion is silent on Labour’s moratorium on nuclear power, which meant that our nuclear fleet has not been replaced as rapidly as it should have been. I was advising the then Energy Minister in the then Department of Energy and Climate Change when the deal for Hinkley Point C was being negotiated. That power station is on track to open in 2026. With the financing legislation passed in this House recently, we can unlock further investment in the new nuclear we need.

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15:27 Peter Dowd (Labour)

Some 22 million households will suffer because of the Government’s failure to invest in cheap, green energy generated on our shores—fact. The Chancellor’s announcement that the Government will force people to take loans will do nothing but prolong their financial misery—fact. Both energy insecurity and food insecurity are related to the dramatic increase in inflation over which the Government have presided, which is now a painful concern to millions of people—fact. But it is important that we put these issues in a wider context.

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