Electricity Industry

Part of Opposition Day – in the House of Commons at 4:45 pm on 20th February 1990.

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Photo of Mr John Wakeham Mr John Wakeham , Colchester South and Maldon 4:45 pm, 20th February 1990

If the hon. Gentleman likes, I will quote the figures by direct comparison, taking out the inflation factor, which was substantial and caused partly by price rises and partly by oil prices. During the last years of the Labour Government, industrial electricity prices increased by 6 per cent. in real terms and domestic prices increased by 9 per cent. in real terms. In the last five years of this Government, industrial prices fell by 10 per cent. and domestic prices by 8 per cent. in real terms. Industrial prices are lower than they have been since 1973. That is a perfectly good answer to the hon. Gentleman.