Energy Prices and Inflation (Impact on Businesses and Jobs)

Part of the debate – in the Scottish Parliament on 21st September 2022.

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Photo of Ivan McKee Ivan McKee Scottish National Party

The response from the UK Government on the issue and more broadly has been unacceptable. With key policy levers currently being reserved, as the member rightly points out, we will continue to press the UK Government across a range of measures, including the expansion of the shortage occupation list, VAT reduction on small and medium-sized enterprises’ energy bills, and an extension of the coronavirus business interruption loan scheme.

The long-awaited business energy cap is welcome, but it must be funded in part by targeting windfall gains in the energy sector and by companies that have benefited from significantly higher profits during the pandemic and the energy crisis. We have written to the UK Government several times on those issues, most recently on 16 September, when we requested an urgent quadrilateral meeting. We will continue to press it urgently on those matters.