M

Member

Speaking in the House of Lords on 25 February 2026

Debate

Energy-Intensive Industry Electricity Support Payments and Levy (Amendment) Regulations 2026

Contribution

I understand that this £17 that was taken off our bills today—well, I do not think I am covered by the pricing cap, because I am locked into whatever it is I am locked into—will now go into the general taxation pot. I accept that, if we are going to do this kind of smokes and mirrors, the money will have to come from somewhere. I realise that the £17 is not before us today, but could the noble Lord write separately on this to those of us who are participating this afternoon? That would be very helpful. That £17 is lowering the price cap, but moving to general taxation, so we will all be paying it, one way or another.

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