Graham Stuart
MP for Beverley and Holderness · Conservative · United Kingdom
“I hope and expect that we can move forward in the right way and get the balance right between being overly prescriptive to the banking industry and setting a clear sense of direction to make sure that no one is left behind, as so many Members have set out.”
“It is a pleasure to serve under your chairmanship, Mr Wishart. I congratulate the hon. Member for South Devon (Caroline Voaden) on securing this debate.”
“Is my hon. Friend as astonished as I am that the Minister—I know she is new to her post—has come here to propose a six-month extension of the movement of costs from bills to the Exchequer and cannot tell the Committee how much money that will cost?”
“The Minister is being most generous again. I did not ask her about protecting consumers from energy price shocks; I asked about a clear, unequivocal manifesto pledge to reduce household energy bills by £300. She, like her predecessors, refuses to address it directly. It was a clear promise.”
“Banking hubs themselves came out of an industry response from the NatWest executive. Does the Minister agree that we must present the information from the Lloyd review to the banking groups, be clear about what we want, and give them the opportunity to respond and provide a solution, as they did with banking hubs, so that we can perhaps a…”
“I am pleased to say that Lloyds listened and, as of this morning, people can deposit cheques at those places. These issues being raised by Members across the House today are important. I trust that given the timing of the Richard Lloyd report, the Minister in her seat will make sure that they are be resolved to everyone’s satisfaction.”
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“As my hon. Friend would doubtless expect, I regularly meet energy companies. I have absolute confidence. One of my biggest concerns when we were looking at the package was to ensure that there are no disincentives to investment in renewables. It is noticeable that the EU has come up with a scheme. We are talking about prices linked to gas that are completely outwith any of the expectations of those who run long-standing nuclear and other low-carbon production. This is an intervention that deals with prices well beyond any prior expectation. It will therefore not disincentivise or undermine any existing business plans. The contracts for difference that this Government brought in are now being mimicked around the world. In the last auction, 11 GW came in: so successful was it that we are now moving to annual auctions and CFDs.”
“The hon. Gentleman rightly says that the crisis may not necessarily go away quickly, so why is it Labour party policy to intervene for six months? The Government have come in with family support—I am delighted to hear his recognition of the extent and power of that intervention—for two years.”
“One of the saddest things about Labour Governments over the years is that they always end with higher unemployment than at the beginning. I am sure they wish the best, but they never seem to be able to deliver it. In addition, households will see the first instalment of the £400 energy bill support scheme in their October electricity bill. Families are seeing it in their bills already in some cases. In Great Britain, the discount will automatically be applied monthly in six instalments between October 2022 and March 2023. For the 8 million most vulnerable households across the country, that will form part of a £1,200 package of targeted support to help with the cost of living.”
“An average family will save between £1,000 and perhaps as much as £4,000 a year because of this unprecedented, unparalleled intervention by the Government to look after the people of this country and help them through this challenge. The intervention has had a significant wider impact. It is interesting to note today that the International Monetary Fund has now conceded that the mini Budget, of which this was the centrepiece, will boost economic growth. [ Interruption. ] The hon. Member for Cardiff North, who only wants facts that support her political viewpoint, may be disturbed to learn that according to the IMF in 2022 the UK is predicted now to have the highest economic growth in the G7. This comes at a time of record employment as well. This Government put the people first.”
“Without Government action, average household energy bills under the energy price cap had been due to rise to around £3,500 in October, a rise of 80% on current bills. Next year, it was predicted they would increase to as high as £6,500 per family. Those are truly chilling numbers. From this month, the Government’s energy price guarantee will limit the price households pay per unit of gas and electricity they use. It means that a typical household in Great Britain will pay on average £2,500 a year. Those with lower energy bills will pay considerably less, because it is about the number of units that people use.”
“Wales, alongside the rest of the UK, is feeling the pain of this crisis, which has been driven by the illegal invasion of Ukraine and Putin holding gas supplies hostage, in addition to the global pressures of the recovery from the pandemic—a point that was set out by the hon. Member for Southampton, Test, who is a learned Gentleman in this area of energy policy. The announcements made by the Prime Minister on 8 September and 21 September 2022 demonstrated the Government’s commitment to protecting UK households and businesses through the energy price guarantee and the energy bill relief scheme. Under the plans, households, businesses and public sector organisations across the country will be protected from significant rises in energy bills, thanks to the new Government support that took effect from the beginning of October.”
“Member for Southampton, Test (Dr Whitehead)—this was not reflected by the more rabid Back-Bench contributions—recognising the scale and generosity of the intervention, which is the most generous in Europe. This Government have acted decisively to help families and the poorest in particular. A failure to acknowledge those basic facts suggests a lack, I would say, of moral seriousness in dealing with this issue, which is of great import and is having a great impact on families now. No one is well served by political game-playing when we are dealing with something so severe and serious. The Government understand the scale of the challenge and are taking action to help support households and businesses facing these record energy prices. This includes those in all four of our nations.”
“It is a great pleasure to serve under your chairmanship, Mr Betts. I congratulate the hon. Member for Cardiff North (Anna McMorrin) on securing the debate, although I share with my right hon. Friend the Member for Vale of Glamorgan (Alun Cairns) some disappointment at the tone that she and most Labour Members took. That does not reflect the seriousness of the debate, and by way of contrast I would point not only to my right hon. Friend’s typically thoughtful speech but to that of the hon. Member for Ceredigion (Ben Lake), who made his points perfectly clearly but constructively, as we wrestle with this unprecedented global rise in prices. It was good to hear the hon.”
“On 8 September, on the Floor of the House, the Prime Minister committed to supporting park homes. Residents will receive support equivalent to the EBSS and the EPG—apologies for the alphabet soup. More details on that will follow soon. It is important to note that households that use alternative fuels will get the £400 energy bills support scheme payment and the electricity component of the energy price guarantee as well as the £100 for alternative fuels.”
“The growth plan and the Government’s intervention will have a significant impact on reducing inflation, protecting households, mortgages and the like. Households in Northern Ireland will also receive support through the energy price guarantee from November, with support for October bills backdated so that they see the same benefit overall. Like many in the Chamber, I represent a rural constituency with many people off grid. Those who live in an area of the UK that is not served by the gas grid—we have had a lot of conversation about that—and use alternative fuels, such as heating oil, to heat their homes will receive a £100 payment to support them with their energy bills. We are working at pace to work out how best to pay that money to those people.”
“That will provide much-needed relief and certainty to non-domestic energy users who were facing significant energy costs, and it will enable them to plan ahead.”
“With respect to the hon. Gentleman, I am going to press on. The Government’s package of interventions makes up the biggest proportion of the fiscal package set out in the growth plan. Non-domestic energy consumers, including businesses, charities and public sector organisations, have also been experiencing significant increases in energy costs, with reports of increases of more than 500%. Those consumers will also be protected through the Government’s energy bill relief scheme from October, over the next six months. That support is equivalent to the energy price guarantee put in place for households, and similarly discounts the unit prices of gas and electricity, meaning that non-domestic energy consumers will pay wholesale energy costs well below half of the expected prices this winter.”
“Again, it is the Conservatives who deliver and reduce energy costs, and it is Labour who produce hot air and nothing to help families with the cost of living. The energy performance of our buildings continues to improve, helping to reduce consumer bills and improve our energy security. We are taking steps to encourage businesses to reduce their energy demand.”
“We have recently launched the review of electricity market arrangements, REMA—a major review of Britain’s electricity market design to ensure that it delivers an enduring framework that works for our businesses, industries and households—and we will introduce reform where necessary. As issues of energy efficiency, fuel poverty and heat are devolved, Scotland, Wales and Northern Ireland have specific net zero strategies, and we work closely with our counterparts in the devolved authorities to ensure that our strategies align. Overall, the UK has a strong track record in making homes more energy-efficient, with 46% in England now achieving an energy performance certificate rating of C or better, compared with 14% in 2010.”
“Because they recognise the high up-front capital cost of these projects, increase certainty for investors, lower the cost of capital, and have seen the price per megawatt-hour for offshore wind go from £120 in a 2015 auction to £38, I think, in the latest round. Not only that, but because of the CfDs brought in by a Conservative Administration, we are now seeing tens of millions of pounds paid back to reduce bills for taxpayers. The Government are working with electricity generators to reform the outdated market structure where gas sets the price for all electricity.”
“We need to ensure that our energy system is working to shield consumers in Wales and the whole of the UK from the worst impacts of a volatile international energy market, and to reap the benefits of our increasing cheap renewable electricity generation while reducing our dependence on imported fossil fuels. I will not take any lectures from Labour Members in this space. Today, renewables make up more than 40% of our electricity supply; just 12 years ago, in 2010, it was 7%. The Labour party talks but it does not deliver; it is the Conservatives who deliver. We have led the world. We have transformed the economics of offshore wind with our contracts for difference, which were brought about under a Conservative-led Government and are now being mimicked right around the world. Why?”
“Member for Southampton, Test is right that that is what we need to do. That includes the work of our energy supply taskforce, a new oil and gas licensing round, lifting the moratorium on UK shale gas production, and driving forward progress on nuclear and renewables. It is important to remember that our energy needs this year are 75% dependent on fossil fuels. We are driving forward on the path to net zero, more than any other major economy in the world. However, the idea that the market could be entirely decarbonised by 2030 is mad. It is crazy. That is the official policy of His Majesty’s Opposition. The poverty, bankruptcies and ruin that the Opposition’s policy would cause this country—and the impact that it would have on families and businesses in Wales—are incalculable.”
“Members will know. The Government have provided more than £2 billion of support since 2013 to energy-intensive industries. We are continuing to ramp up the support, through measures such as the extension of the energy intensive industries compensation scheme. That is being extended for a further three years, and will double the relief available. We are also consulting on the energy intensive industries exemption scheme, with a view to increasing the aid intensity and reducing electricity prices for energy-intensive industries, thus supporting many jobs in Wales. In parallel to those measures, the Government are taking decisive steps to tackle the root causes of the issues in the UK energy market, by boosting British energy supply and increasing independence to ensure that this does not happen again. The hon.”
“Forgive me; if I had been left anything like half the time that was available by the Opposition spokesman, I would have been able to accommodate the hon. Gentleman. After that initial six-month scheme, the Government will provide ongoing focused support for vulnerable industries. There will be a review in three months’ time to consider where that should be targeted to ensure that those most in need continue to get support. Non-domestic users that are eligible for support with energy bills include those on standard variable energy contracts, those whose fixed-price contracts are coming to an end and those businesses that have agreed a fixed-price contract in the last six months. We recognise that it is a challenging time for businesses, particularly those that are energy intensive, many of which are situated in Wales, as hon.”
“No—I will have to sit down very shortly. We have long-term regulations to ensure that landlords are incentivised to improve the energy efficiency of buildings and to set a minimum standard. We are also providing tax incentives for less energy-intensive technologies by bringing forward an exemption on business rates for green technology, saving businesses an extra £35 million in 2022-23. We are doing an awful lot, and my job, when the Prime Minister appointed me to this position, was to accelerate the uptake of all of these energies to move us to net zero, and to do so in a way that supports families and does not impoverish them, which is sadly what the policy of the Labour party would bring about.”
“I was pleased that Parliament backed the Nuclear Energy (Financing) Act 2022, which was granted Royal Assent in March and established a new regulated asset base—or RAB—funding model for all new nuclear projects.”
“The FNEF—they are never terribly well crafted—is a £120 million fund announced in the Government’s “Net Zero Strategy: Build Back Greener” in 2021. It aims to help mature potential nuclear projects ahead of any Government process to select future projects. We expect to make awards from the fund at the end of this year or at the start of 2023. Alongside the launch of the FNEF, we are setting up Great British Nuclear, a body to enable nuclear projects and get us on a pathway to meeting our ambitions for new nuclear, with the aim of ensuring the kind of rapidity that my right hon. Friend is right to press for from Ministers such as me. We intend to initiate a selection process in 2023, with the intention that we will enter into negotiations with the most credible projects to enable a potential Government award of support as soon as possible.”
“In addition to investment in SMRs, the Government plan to invest in the AMR research, development and demonstration programme, which, as I say, should get something going by the early ’30s. It is focused on high-temperature gas reactors for low-carbon electricity generation and would allow the production of very high-temperature heat that could be used, for instance, for the increasingly efficient production of low-carbon hydrogen, to help to decarbonise industrial process heat, or even for synthetic fuel production. I am pleased to remind Members that we launched the future nuclear enabling fund, or FNEF—I have realised, on my first day, that BEIS is full of acronyms galore—on 2 September 2022.”
“Friend has said, we announced £210 million in match funding for Rolls-Royce SMR Ltd to develop the design for one of the world’s first small modular reactors. Funding for this project was predicated on Rolls-Royce matching the Government’s contribution with private investment, which has been found, giving the design the capability of being deployed in the UK by the early 2030s, if not before. The Government funding for Rolls-Royce is part of the advanced nuclear fund, which is a significant Government commitment of up to £385 million, both to develop domestic SMR design and to demonstrate the viability of innovative advanced modular reactors by the early 2030s.”
“I am delighted that the British energy security strategy set out the Government’s intention to take a large-scale new project to final investment decision during this Parliament, and that two projects will reach that point in the next Parliament, subject to the necessary approvals. I remind Members that SMRs will play an important part, as well as those larger nuclear installations, and will be a critical part of delivering new nuclear for the UK. They offer the opportunity for flexible deployment options—we have already heard various bids to host them—and could bring regional and socioeconomic benefits, including the creation of high-value manufacturing and engineering jobs on site and on the site of manufacture. In November last year, as my right hon.”
“But secure, clean and affordable energy for the long term depends on the transformation of our energy system, and that means more home-grown energy from increasingly diverse sources in order to reduce our dependency on imported fossil fuels and our exposure to the high and volatile prices in international markets that we can see today. Hon. Members will be aware that in April 2022 we announced the British energy security strategy. This set out our ambition to deploy up to 24 GW of civil nuclear power by 2050, which will meet around 25% of our projected 2050 electricity demand. New nuclear generating capacity is an important part of our plans to ensure greater energy resilience as well as having a crucial role to play in net zero.”
“Our analysis shows that all low-cost, low-emission solutions that will take us to this net zero-compliant electricity system are likely to require a combination of new nuclear, combined cycle gas turbines and carbon capture, utilisation and storage, in addition to growing levels of renewables. It is a complex piece, but we need all the bits to come together to meet the challenges that my right hon. Friend has set out. Nuclear power is important for the UK’s energy security. As the world has emerged from covid-19, global demand for energy has risen significantly, and this has been exacerbated by Putin’s malign invasion of Ukraine.”
“Friend the Member for Bournemouth East has said, the global energy crisis created by Russia’s invasion of Ukraine underlines our resolve to develop new nuclear capacity in order to boost our energy security. I am sure that all of us who take an interest in this will have been gladdened by the fact that there is such strong support for that across the House this evening. As we make strides towards delivering net zero, the demands on our electricity system will increase. Electricity will be increasingly important, potentially providing around half of final energy demand as its use for heat and transport increases. That would require a fourfold increase in clean electricity generation, with the decarbonisation of electricity underpinning the delivery of that overall net zero target.”
“Thank you, Mr Deputy Speaker. I want to begin by congratulating my right hon. Friend the Member for Bournemouth East (Mr Ellwood) on securing this important debate and speaking so passionately about the benefits that can come from this fascinating development of a UK capability in nuclear power. Tonight’s debate gives us the opportunity to build on the discussion on small modular reactors and energy security in the UK convened by my hon. Friend the Member for Ynys Môn (Virginia Crosbie) in January this year. As Climate Minister I am proud to support not only the Government funding but the private investment that we are sometimes seeing facilitated by that Government funding in the nuclear sector. As my right hon.”
“We fully support the development of small modular reactors and the exciting opportunities that they can offer the UK in energy security and reaching net zero. We have demonstrated our intent to build new nuclear capacity in the UK over the past year, and we have made the decisions that we believe will provide the confidence needed for investors and businesses to get behind it. From the energy White Paper to our landmark British energy security strategy to funding for small modular reactors and the future nuclear enabling fund, I hope we have shown our dedication to energy security, net zero and nuclear. I thank my right hon. Friend and other colleagues once again. Question put and agreed to.”
“We are developing major industrial capability so that we can sell that to the rest of the world, help it with the net zero challenge, and also produce jobs and prosperity here.” It is not a hairshirt that we want; we want to get the policy right so that we are part of a global solution, and to do so in a way that boosts jobs and prosperity and carries the support of everyone, regardless of their views on climate-related matters. We believe that the RAB could cut the costs of financing these projects, enabling companies to finance new ones and ending our reliance on overseas developers for finance, resulting in savings for consumers. On day one, I can reassure my right hon. Friend that a lot of work is going into making sure not only that we can move at pace, but that we do so with the most solid base possible.”
“We need to, because as he rightly says, we are not alone in pursuing and seeing this opportunity, and there have been instances in the past when this country has been in a position to lead and has not moved quickly enough, and multibillion-dollar opportunities—let us call them that—have ended up going elsewhere. I am determined that we shall not only deliver on our green obligations in this country, but build our industrial capability so that even the most sceptical person comes on board as we say, “Look, we are not just dealing with climate and not just cleaning up our domestic situation.”
“I thank my right hon. Friend, and I am happy to do that. He will forgive me, perhaps on this one day only, for not leaning in to chastise any other Department or the Government in general on day one, self-confident though I always try to be. If we look at what we have done, we see that we have reduced our emissions by more than any other major industrialised nation, and offshore wind has been a triumph. I am looking forward to learning more about the detail of these programmes, but I have no doubt that with the right will and the proper prompting by colleagues from across the House we can ensure that we move with the speed necessary.”
“The Northern Ireland protocol is not delivering the goals set out in it. First and foremost among those is ensuring peace and prosperity in Northern Ireland, and protecting the Belfast/Good Friday agreement. The protocol is also disrupting east-west trade, including by doubtless affecting businesses in the hon. Lady’s constituency. Northern Ireland is an integral part of the UK and we must resolve the very real problems it is facing, which is why we have introduced the Bill.”
“I am grateful for the hon. Lady’s passionate espousal of the need for us to be a member of Horizon, Euratom and the other programmes, all of which were agreed, as she will recall, in the trade and co-operation agreement. The EU has failed to implement our association with that, and there is no linkage. I would ask the hon. Lady, with the scientific community of this country, to stand up to the EU and say that inappropriate linkages should be resisted, that they are damaging them, damaging us and damaging our joint endeavours to tackle the greatest challenges facing mankind, and it is something that needs to change.”
“My hon. Friend is right. The protocol is not delivering the main objectives set out on its face. That is why something has to be done. I was delighted to spend Friday and Saturday at the British-Irish Association with the Taoiseach and the Irish Foreign Minister and, indeed, the vice-president of the European Commission. I believe, as I am sure my hon. Friend does, that our clear preference for a negotiated solution is the right one. I would further add that the Bill includes the facility to accelerate any negotiated agreement, and that is very much our offer to the EU. We prefer a negotiated solution. It is very important to put this right.”
“The hon. Gentleman makes very strong points. At the heart of the Belfast/Good Friday agreement is the idea of communities coming together, to have the Executive, to make sure that we put the war-torn years and all that tragedy behind us. It is clear that not just one party in Northern Ireland but the entire Unionist community has ruled out the protocol as a route to delivery of that. And, of course, there is disquiet in all communities, as can be found in the surveys of, for instance, the University of Liverpool’s Institute of Irish Studies.”
“I thank the right hon. Gentleman for yet again making it so crystal clear, both to the House and to the British public, that in any dispute he and his party will always side with the EU and not with the interests of the British people. [ Interruption. ] As he says, I am horribly new to this brief. The first thing I did on the first weekend after my appointment was to read the protocol. It does not matter how we look at it, the protocol is not functioning and it is not working. For him and his party to suggest that it is us and not the EU that needs to change tack shows that, yet again, he betrays the British people and shows why Labour now, in the past and in the future is unfit for office.”
“That is what the protocol says. I suggest that he reads it, rather than insisting on the imposition—”
“As I have said, I am new to this, but I have looked at the protocol and it is not working. There are three main priorities. One is the protection of the single market—perhaps there is a tick. On the Good Friday agreement, peace in Northern Ireland and community consent, that is required by the protocol but it is not working, and neither is the prevention of unnecessary blockage for east-west trade. I would have thought that the hon. Gentleman, and even the shadow Foreign Secretary, might have put their constituents and the businesses that they represent first, and for once been prepared to recognise that it is the British Government who are correct. We are ready to negotiate. As the hon. Gentleman said, the protocol set out the objectives and said that it might need amendment, it might need replacement, but in any event it needs consent.”
“I pay tribute to my right hon. Friend; she is a great champion for the reunification of Cyprus. We are determined to find a negotiated settlement for the island, which is why I met Cypriot Foreign Minister Kasoulides in my first week in office to set out the UK’s commitment to finding a just and lasting settlement.”
“My hon. Friend is absolutely right. The fact that the suburb of Varosha within Famagusta is being fenced off underlines the importance of reaching a comprehensive Cyprus settlement. The UK strongly opposes any destabilising actions. We support the UN Security Council resolutions covering Varosha, the latest of which calls for the immediate reversal of the Turkish course of action and of all steps taken on Varosha since October 2020.”
“We must support Ukraine’s vision for rebuilding a sovereign, prosperous, democratic nation that is stronger than it was before Putin’s invasion. Significant support will be required. That is why, in early July, the Foreign Secretary presented our vision to support the Ukraine-led effort for recovery and reconstruction at the Ukraine recovery conference in Lugano. We will host that conference next year because we must not only support the Ukrainians now, but look ahead to a better future.”
“I pay tribute to them for their work as the respective chairs of the all-party parliamentary groups on Bosnia and Herzegovina and on Srebrenica. The professional career of my right hon. Friend the Member for Beckenham (Bob Stewart) also involved him in that part of the world.”
“It is a great, albeit sobering, pleasure to follow so many powerful speeches from Members on both sides of the House, showing the unity to which so many referred. There is real-world power in standing up for the principles and values that are shared on both sides of the House, and that all of us, including the UK Government, wish to back and reinforce. I thank my hon. Friend the Member for Rutland and Melton (Alicia Kearns) and the hon. Member for Bolton South East (Yasmin Qureshi) for securing this debate and, of course, the Backbench Business Committee for granting it. It is fantastic to have Members on both sides of the House who not only speak with passion on this issue but have deep personal knowledge and engagement from their previous professional career.”
“As others have said, Bosnia and Herzegovina faces new challenges today. Threats are on the rise, from the knock-on effects of Putin’s war to the destabilising actions of Russian-backed secessionists, about which the hon. Member for Enfield, Southgate (Bambos Charalambous) spoke so powerfully.”
“A further 20 individuals have been tried at the International Criminal Tribunal for the former Yugoslavia and its successor, the International Residual Mechanism for Criminal Tribunals, for crimes related to Srebrenica. We are proud to have supported this work. Of course, we house Radovan Karadžić in a UK cell as he serves his whole-of-life prison sentence following his conviction for war crimes and crimes against humanity committed in Bosnia and Herzegovina, and for the genocide at Srebrenica. Last month, the UK helped to pass a UN Security Council resolution on the International Residual Mechanism for Criminal Tribunals, extending the term of the current prosecutor. We will continue to fight to end impunity for war criminals, and to see that they are held to account.”
“That was the conclusion of the UN International Criminal Tribunal for the Former Yugoslavia and of the International Court of Justice after extensive legal processes, yet some individuals and groups continue to deny these events. We have seen this over the past few days in and around Srebrenica, and we utterly condemn this behaviour. Glorifying the perpetrators and instigators of such heinous acts takes us further away from reconciliation and hinders the country’s ability to move forward and come together, so it is vital that we deliver justice and challenge the lies and false narratives, as successive speakers have said. To date, a total of 57 individuals have been tried at the state court of Bosnia and Herzegovina for crimes committed in and around Srebrenica in July 1995.”
“I thank my right hon. Friend for his intervention. Colleagues on both sides of the Chamber are right to continue drawing attention to the fragile situation in Bosnia and Herzegovina, and to the lessons we must all learn from the Srebrenica genocide. I am grateful for the contributions made by hon. and right hon. Members, and I will try to respond to the points they have raised. This debate comes just after the 27th anniversary of the genocide at Srebrenica. As colleagues have said, it was the worst atrocity on European soil since the end of the second world war. Today, as we did on Monday, we remember the victims of those terrible events and stand with the families in their ongoing fight for justice so many years on. There is no question but that what happened in Srebrenica was genocide.”
“We are also supporting Remembering Srebrenica, which just yesterday hosted its national commemoration event in the Foreign, Commonwealth and Development Office. We have provided £200,000 to that organisation to ensure that it can continue to do its highly valuable work.”