Rebecca Paul

I am going to continue, but thanks for the offer. The economic consequences are now plain to see. Since 2021, the output of UK energy-intensive industries has fallen by around 35%. In sectors such as steel, petrochemicals and fertilisers, this trend is not theoretical, and the damage already done to once-proud industries is plain to see. At Grangemouth in Scotland, INEOS recently announced the closure of its ethanol production facility. Its founder, Sir Jim Ratcliffe, issued a stark warning at the time, saying that Britain is offshoring its emissions and onshoring virtue—we close plants here, import the same products from abroad, and claim we are greener. Nowhere is this more apparent than in the decision to reduce North sea oil and gas output in favour of increased imports. On paper, this slashes the UK’s territorial emissions, but in reality, it leaves us more reliant on volatile overseas markets, increases our net carbon footprint and surrenders billions in domestic tax revenue and thousands of skilled British jobs. We appear to have confused decarbonisation with deindustrialisation. What do we have to show for years of adherence to the Climate Change Act and everything that came with it? We now have the second highest domestic energy prices and the highest industrial electricity prices in the world, with 12 million families struggling to pay their energy bills. I defy anyone to try to sell that as any kind of success. The old orthodoxy has been tried and found wanting, and we now need a better way forward. That is what we are offering today with our cheap power plan, which delivers on energy security, supports economic growth and protects the public from unaffordable green extremism.