E

Earl Russell (LD)

Speaking in the House of Lords on 22 July 2025

Debate

Great British Energy: Nuclear Development

Contribution

My Lords, I thank the Minister for his Answer. The Treasury cut one-third of Great British Energy’s budget and its investment powers, clipping its wings before it could fly. A renaming sleight of hand does not make Labour’s manifesto pledge add up. The promise to fully capitalise Great British Energy with £8.3 billion in this Parliament has clearly been broken. I ask the Minister either to confirm which third of GB Energy’s mission will be scrapped or to give a clear commitment to replace these essential funds, which have been taken away by the Treasury.

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