Member

When I became Business Secretary, I said that we needed to be bolder, to go further and to move faster to support British enterprise. Today, I want to set out what that means for reduced electricity costs for British industry. The events of recent days and weeks serve to demonstrate the strategic weaknesses and the economic threats inherent in Britain’s overdependence on the geopolitics of the global oil market. It is high time that Britain gained energy independence by ending that dangerous overreliance and instead transitioned to become a clean energy superpower.