'Decimation of our energy sector!' Phillips slams Labour for 'depending on IMPORTED fuels'

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Plans put forward by Labour’s Shadow Chancellor Rachel Reeves today would see North Sea oil and gas companies foot heavy tax bills to assist a Labour government in bringing in a radical renewable home energy revolution and help those struggling to pay gas and fuel prices. But the plans were were shot down by Sky’s Trevor Phillips who accused Ms Reeves of constructing plans which would ultimately “decimate our energy sector.”

Mr Phillips asked: “How is that going to work in a declining industry and one which is basically not producing much in the way of profits anyway?

Explaining the plans, Ms Reeves said: “We have had ten years, more than a decade of dither and delay and impotence from this Government which is why we have this energy price crisis today.

“Of course prices have gone up globally but we are uniquely exposed in Britain because of the decisions of this Government!”

She blamed the Government for “a failure to regulate properly” and getting “rid of our gas storage” as she tore into the Govenrnment’s energy policies.

She also accused the Government of a failure to “retrofit homes” with renewable and nuclear energy heating options.

Ms Reeves said the new tax on North Sea Oil and gas was justifiable to use the money to “reduce bills” for those struggling in Britain.

But Mr Phillips hammered the plans, saying: “It is ok for you to say that they’re having a terrific time because of the temporary spike on oil prices.

“But for those in the industry that actually have to pay those bills, they’re saying that hasn’t particularly. helped them and actually things are going pretty much south!

“What you might be doing is preparing for the decimation of our energy sector?”

More to follow…



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