Budget Resolutions
I begin by asking the House a question. When I heard the Chancellor’s speech yesterday, I thought, “Is that it? Is this the Government’s best shot?” If the Prime Minister is planning to go to the country on the back of this Budget, I say, “Bring it on.” Yesterday the Chancellor delivered the gravest betrayal of the just transition in my constituency and in Scotland. Grangemouth, Mossmorran and now St Fergus—this looks like Thatcherism on steroids. Is anyone seeing a pattern here? The Chancellor did not even have the courage to spell it out in yesterday’s Budget, with the loss of Government support for Acorn hidden in the weeds of the Red Book. While the Labour Government’s so-called “mature” carbon capture, usage, and storage projects in England and Wales get the go-ahead, their paltry offer to Scotland amounts to merely seeing how loans or equity investments can support the continued development of future CCUS, with specific mention of the Acorn site. In other words, the project will no longer be considered for direct Government money as part of the Government-funded track process.