Global gas prices are at record highs, caused by Putin’s illegal march on Ukraine. This Government has taken unprecedented action to support households and businesses through the Energy Price Guarantee. However, we recognise that more needs to be done to reduce our dependence on other countries' energy.
The solution is energy sovereignty. I was pleased that the Secretary of State for Business and Energy, Grant Shapps, agreed with me using diverse sources of British energy will allow us to have more stable and lower prices in the long term.
The Government is driving forward plans to build a secure energy future, creating cheaper, cleaner energy from British sources, for Britain. This includes continuing the revitalisation of the UK nuclear industry by confirming the first state backing of a nuclear project in over 30 years, part of the UK’s biggest step yet in the journey to energy freedom.