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Lord Hamilton of Epsom (Con)

Speaking in the House of Lords on 11 February 2025

Debate

Great British Energy Bill

Contribution

Can the Minister be absolutely clear on the role of the Treasury? He talks about £8.3 billion being allocated to GB Energy, but will the money not actually be held in a sort of escrow account in the Treasury and will GB Energy not have to apply to the Treasury before it can spend any of it? It is rather important whether the ultimate decision lies with the Treasury or GB Energy.

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