Q6. A thriving steel industry is the foundation of a more productive and resilient Britain, yet bickering between the Chancellor and the Secretary of State for Business, Energy and Industrial Strategy is blocking the chance to tackle the sky-high energy prices that our steelmakers have been facing since long before the current price spikes. With the pathway to net zero being dependent on steel firms using more electricity, not less, will the Prime Minister urge his colleagues around the Cabinet table to put in place a wholesale energy price cap, along with long overdue reductions in network connection costs? COP will not work without a cap. (903887)
The hon. Gentleman makes a very important point about the high energy costs for energy-intensive industries, and that is why we have abated them with about £2 billion since 2013. The answer is to do what we are doing, which is to make up the long-term baseload needs of this economy by investing in nuclear, as I am afraid Labour failed to do in its 13 lost years, and in renewables.