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Orders of the Day — Utilities Bill

Part of the debate – in the House of Commons at 7:22 pm on 31st January 2000.

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Photo of Nick Gibb Nick Gibb Shadow Spokesperson (Trade and Industry) 7:22 pm, 31st January 2000

That was always the history of the electricity and gas industries when they were in the state sector. The Secretary of State would set prices; they would fall in the run-up to a general election, and would be hiked immediately after it. That was the pattern that governed the setting of prices, and that is what we sought to get rid of by privatising the companies involved.