Finance Bill

Part of Bill Presented — Constitutional Convention (No. 2) Bill – in the House of Commons at 3:09 pm on 21st July 2015.

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Photo of Angus MacNeil Angus MacNeil Chair, Energy and Climate Change Committee 3:09 pm, 21st July 2015

And on my birthday, too. I am sure that Sammy Wilson, the gentleman that he is, will of course give way to the Member from the Green party and to my hon. Friend Carol Monaghan.

The hon. Gentleman might find that one of the reasons why fossil fuel is so cheap is the low price of carbon, as a result of which the theory of “the polluter pays” does not apply to fossil fuels. Carbon is priced neutrally at the moment, and when that changes, the real price of fossil fuels versus renewables will become apparent. He mentions the change in the regime, but planning is a large part of that. Finally—this is my final point, Mr Deputy Speaker—the hon. Gentleman talks about the cost of energy in the UK, but the cost of the UK’s energy is actually about the highest in Europe, minus taxes.