The Leader of the House will no doubt be disappointed that despite it containing some welcome news, for instance about prepayment meters—a tribute to the many months of campaigning on this issue by my hon. Friend the Member for Glasgow North East (Anne McLaughlin)—I will not be opening with fulsome praise for her Chancellor’s Budget. Why? Despite the largest fall in living standards and disposable income for decades being endured by the vast majority of people throughout the UK, instead of holding out a helping hand to those folks, the Chancellor has just rewarded the wealthiest with a hefty leg up the pensions ladder, and instead of the investment that is desperately needed for cheaper, cleaner renewables, we get billions ploughed into nuclear. So instead, I will be asking the Leader of the House for a debate on broken British dreams and sunk hopes—that is not a country and western song, Mr Speaker.
The £20 billion over 20 years that the Chancellor has announced for nuclear and carbon capture projects will not support retrofitting homes to permanently cut energy costs for households, or much cheaper onshore wind developments, tidal energy, green hydrogen, heat pumps, district heating or solar. It will not win the global race for investment into those industries against the US and the EU, among many others.
The Treasury and the Chancellor do not appear capable of thinking outside their outdated energy sources box. Instead, they are giving us the reclassification of nuclear so as to receive the same investment opportunities as renewables—nuclear, Mr Speaker! There is not one successful evolutionary power reactor project in the world, and we still have no real solution for the safe disposal of waste that remains radioactive for centuries. Nuclear plants take years to build, and always run over budget and over time. Why are the Government so thirled to nuclear, when there are cheaper, safer, proven alternatives that will bring us to net zero targets much more quickly?
I must add: why is there no more support for tidal energy, which can provide a clean and reliable baseload and has vast potential in Scotland? We already have the world’s leading wave and tidal energy test centre based in Orkney, while companies such as Nova Innovation in my constituency are pioneers in this technology.
The UK Government’s actions suggest again that they are not taking the climate crisis seriously. The Leader of the House joined forces years ago with director Richard Curtis to champion the UN sustainable development goal targets when she was International Development Secretary. However, when I have asked her about environmental issues in the past, she has avoided the questions altogether. Is she still committed to and leading on these issues within her Government or not?