Member

As I mentioned in my opening remarks, the Finance Bill not only delivers on our plan to repair the public finances, but supports the investment necessary for long-term economic growth. Such investment is, of course, crucial for clean energy, an area in which the Prime Minister’s plan for change makes clear that we are committed to securing the UK’s place as a global leader. [Interruption.] That is why we are supporting the repurposing of oil and gas assets for use in carbon capture, usage and storage by legislating to allow tax relief on payments made into decommissioning funds.