Mr Bain

Does the Secretary of State recognise that one of the most competitive parts of the Northern Ireland economy is the renewable energy sector? Will he convey to the Chancellor the message that the establishment of a strong green investment bank with its own borrowing powers during the current Parliament is essential to drive the green economy in Northern Ireland?

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Mr Adrian Bailey (West Bromwich West) (Lab/Co-op)

In a newspaper interview last weekend, the Secretary of State for Energy and Climate Change cast doubt on the viability of investment in the civil nuclear energy industry. Given the strategic importance of the industry and the need for certainty and commitment from the Government, can the Prime Minister reassure the House and business that his policy is unaltered in that area?

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The Prime Minister

I can do that, and the point I would make—the Energy and Climate Change Secretary would say exactly the same thing—is that what we have done is to create a fair playing field where that private investment can come forward. What we should not be doing is having unfair subsidies. We are making sure that on issues such as planning and carbon pricing the situation is very clear, so that nuclear, which is part of the energy mix in this country, can go on being part of the energy mix in our country.

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