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Climate Change Levy

Part of Oral Answers to Questions — Treasury – in the House of Commons at 11:30 am on 19th July 2001.

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Photo of Colin Challen Colin Challen Labour, Morley and Rothwell 11:30 am, 19th July 2001

Does my right hon. Friend agree that the best leader for the Conservative party would be Dr. Faustus, who believed that a short-term gain pays off with a long-term pain? What is the cost to the country of not leading in the development of new technology to combat climate change? What is the cost to the country of businesses suffering the effects of flooding and other consequences of extremely severe weather? All those costs are mounting, and if we do not deal with them, we will have a long-term pain.