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Amendment of the Law

Part of the debate – in the House of Commons at 1:57 pm on 20th March 2014.

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Photo of Vincent Cable Vincent Cable The Secretary of State for Business, Innovation and Skills 1:57 pm, 20th March 2014

The element that relates to the European emissions trading scheme has already been paid. The companies have already received the cheque. The sums are not large because the ETS scheme proved to be pretty ineffective, but none the less the compensation is being paid and it is now being extended to a wider range of costs. [Interruption.] The hon. Gentleman seems to be indignant, but I think he should talk to his local manufacturers who have expressed full satisfaction with what we are doing.