Luke Murphy

Luke Murphy

Labour — Basingstoke

Speaking in the House of Commons on 21 April 2026

Debate

Middle East: Economic Update

Contribution

I welcome the Chancellor’s statement and the announcements made by her and the Energy Secretary. We have seen two fossil fuel shocks in just the past five years, which have done untold damage to our economy. Half the recessions since the 1970s have been caused by similar fossil fuel shocks. It is clear that the move to clean, home-grown energy is good for the economy, good for security and good for household bills. What conversations have she and the Energy Secretary had with organisations that might be taking up voluntary agreements? When might those agreements be made, and when will we see the benefit of breaking the link between gas and electricity prices?

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