Kwasi Kwarteng
@KwasiKwarteng
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MP for Spelthorne
London, United Kingdom
Joined March 2016
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I have written to
@MayorofLondon
, calling on him to scrap the
#ULEZ
expansion.
It will have little impact on air pollution, and will place a significant burden on small businesses, low-income families, and disabled people in my constituency.
Sadiq Khan *must* stop this plan.
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Shout and scream all you like, but I’m not going to put Britain’s energy security at risk by shutting off domestic oil and gas production.
We will need oil and gas for decades to come. Either we source more of what we need from the North Sea, or import more from abroad.
Millions are choosing between heating and eating because of the energy crisis.
Today with
@StopCambo
, we disrupted
@KwasiKwarteng
's business lunch to send a clear message.
We need a windfall tax, huge investment in energy efficiency and renewables, and no new oil and gas.
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Today we changed the law to allow businesses impacted by strike action to hire skilled, temporary workers to mitigate disruption.
This was a criminal offence. Now it’s an option for business.
We will not let trade unions grind our economy to a halt.
👉🏾
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The honour of a lifetime to be appointed Chancellor of the Exchequer by our new Prime Minister,
@trussliz
This evening, we’ve been finalising our package of urgent support to help with energy bills, with an announcement this week.
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My message to XR activists gluing themselves (?!) to my Department:
You cannot - and we won’t - switch off domestic oil and gas production.
Doing so would put energy security, jobs and industries at risk - and would simply increase foreign imports, not reduce demand.
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Our Growth Plan today puts more money back into the pockets of businesses and families.
Income Tax CUT
Stamp Duty CUT
National Insurance CUT
Business Taxes CUT
Additional Rate ABOLISHED
Alcohol Duty FROZEN
👉🏾
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I welcome BP’s decision to exit its shareholding in Rosneft oil company.
Russia’s unprovoked invasion of Ukraine must be a wake up call for British businesses with commercial interests in Putin’s Russia.
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NEW – the UK will phase out the import of Russian oil and oil products by the end of 2022.
This transition will give the market, businesses and supply chains more than enough time to replace Russian imports – which make up 8% of UK demand.
(1/4)
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What a depressing state of affairs. So much needless damage caused.
We now need a new Leader as soon as practicable. Someone who can rebuild trust, heal the country, and set out a new, sensible and consistent economic approach to help families (1/2)
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A Labour tax hike for millions
Angela Rayner says Labour would reverse the income tax cut (from 20% to 19%) if they get into No10
#today
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Please read: thread on energy security 🧵
The North Sea is our single largest source of gas, with the bulk of our imports coming from reliable Norway.
Unlike Europe, we're not reliant on Russian gas.
But like others, we are vulnerable to high prices set by markets.
(1/9)
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Brexit done, vaccine rollout, record low unemployment, Ukraine response - the Prime Minister has got the big calls right and I will back him enthusiastically in today’s vote. I strongly encourage my colleagues to do the same so we can get back to the job we were elected to do.
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Jackdaw gas field - originally licensed in 1970 - has today received final regulatory approval.
We're turbocharging renewables and nuclear, but we are also realistic about our energy needs now.
Let's source more of the gas we need from British waters to protect energy security.
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We must protect those fleeing the worst of humanity.
However, those crossing the Channel are not fleeing imminent peril.
People want fairness. The only route to asylum must be a safe and legal one.
We must end the barbaric people smuggling trade in the Channel - and we will.
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I can confirm that this year’s 1.25% point rise in National Insurance will be reversed on 6th November.
Its replacement - the Health and Social Care Levy planned for April 23 - will be cancelled.
A tax cut for workers. More cash for businesses to invest, employ and grow.
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NEW -
@RollsRoyceUK
is looking for sites to host a major factory to build their planned fleet of Small Modular Reactors
These mini nuclear power plants are quicker to build, cost less + each one could power 1m homes
We're backing the plan with £210m 🇬🇧
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Today I have confirmed my Department will bring all overseas aid spending in China to an end. Last year, this was around £13m
We'll work with China to tackle global challenges, but we can make a bigger difference spending UK aid where it is more needed
👉🏾
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From today, we are limiting the amount suppliers can charge for gas and electricity.
Remember: we were heading for £6,500 annual energy bills next year.
Now, we are holding bills down at an annual average of £2,500 - and keeping the £400 discount.
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1. Global gas prices are at record highs.
2. The more renewable energy we generate at home, the less gas we burn to keep the lights on.
3. Without renewables, we would be burning more gas - very expensive gas.
4. We need to generate more cheap, clean power at home
👇🏾
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Tonight I have issued a Final Order under the National Security and Investment Act preventing the acquisition of intellectual property by Beijing Infinite Vision Technology Company from the University of Manchester.
👉🏾
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New - we have asked regulators to begin assessing
@RollsRoyceUK
's small modular reactor power plant design.
This is a significant step in bringing SMRs into existence. We're proud to back Rolls' plan with an initial £210million to develop their design.
👉🏾
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I welcome Shell’s plans to invest £25billion into our energy system this decade, and their recent decision to move their global HQ from the EU to London.
We’re backing North Sea oil and gas for our energy security, but in return I want to see profits reinvested back into the UK.
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There’s no louder champion than
@trussliz
when it comes to making the most of Brexit. That’s why she spent over a year signing world-leading trade deals with our international allies - ie. actually delivering Brexit opportunities for British businesses and workers!
#LizforLeader
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We are not going to lower the standards of workers’ rights
The UK has one of the best workers’ rights records in the world - going further than the EU in many areas
We want to protect and enhance workers’ rights going forward, not row back on them
UK workers’ rights at risk in plans to rip up EU labour market rules
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Thrilled to have been appointed Business Secretary. Our businesses are facing extremely challenging circumstances, but with my dedicated colleagues in the fantastic
@beisgovuk
, I will do all I can to see them through this period and help them
#buildbackbetter
Congratulations to Rt Hon
@KwasiKwarteng
, who has today been appointed as the Secretary of State for Business, Energy and Industrial Strategy as
@AlokSharma_RDG
becomes full-time
@COP26
President.
More info 👉
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Today the UK is making a big call to reverse 30 years of drift and delay on nuclear.
To meet our new 24GW target, we're going to progress up to 8 more reactors this decade.
Large-scale nuclear is not a quick fix, but a vital investment in our country's energy independence.
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The Prime Minister has apologised unreservedly. We now need to put this behind us and get on with the job the people elected us to do.
There is a deadly war on European soil and we are recovering from a global pandemic. The PM has my full support as we navigate these challenges.
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Today - at my request - Drax agreed to keep their coal plant online this winter, if needed.
With Russia cutting off gas to parts of Europe, this is a sensible precaution back home.
As Energy Secretary, I have a responsibility to ensure we have enough supply this winter.
(1/2)
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Great to spend my first day as Secretary of State speaking to leaders of British business
I promise to be a champion of business and workers at the Cabinet table as we pull together to
#buildbackbetter
, achieve Net Zero emissions and secure our place as a science superpower 🇬🇧💪
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Winter energy security update
- North Sea gas production up 26% this year
- Extra 1bcm of gas secured from Norway
- Approval to open Rough gas storage
- 8.6GW of renewables being built now
- Coal plants remaining online
- 137 LNG cargoes received this year, up 48% on last year
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Liz’s low tax zones will turbocharge the private sector across the country.
Because you don’t create jobs and grow the economy if businesses aren’t thriving.
This is the approach that PM
@trussliz
would bring - free enterprise, more investment and more growth.
#LizforLeader
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Great news -
@RollsRoyceUK
has announced a shortlist of areas for its first Small Modular Reactor factory.
The locations are: Sunderland, North Yorkshire, Deeside, Lincolnshire and Carlisle.
British tech, made in the UK - generating power for the UK.
👉🏾
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NEW - today I’m announcing £210million to back
@RollsRoyceUK
’s plan to develop small modular reactors
These mini nuclear power plants are quicker to build, cost less + each one could power 1m homes
Designed and manufactured in the UK, for the UK 🇬🇧
🔗
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Good meeting with the Governor of the Bank of England, Andrew Bailey.
The Bank’s independence is sacrosanct as we work together to overcome cost of living challenges.
I’ve reinstated regular meetings with the Governor - initially bi-weekly - to coordinate our ongoing response.
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The Met investigation has concluded and Sue Gray has published her final report. The PM has accepted full responsibility and apologised. Lessons have been learned.
We now need to back the PM to address the challenges we are facing, and get on with the job we were elected to do.
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Turning off North Sea oil and gas would put energy security, British jobs and new industries at risk - and we’d just end up importing more from abroad
This has to be a transition, not extinction 👇🏾
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Priti is right 👇🏾
The Public Order Bill tackles the rise in dangerous, self-defeating guerrilla protest tactics that disrupt the hard-working majority from going about their days, getting to work & even hospital.
It backs police to take proactive action & prevent such disruption from happening 👇🏽
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Only a matter of time. The law should be applied fairly and consistently across the country.
JUST IN: Durham police confirm they have received “significant new information” and are investigating “gathering”.
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In May, I asked National Grid to explore keeping 3 coal power stations open this winter, if needed.
With uncertainty in Europe following the invasion, it's right we explore all options to bolster supply.
I'm pleased EDF has today confirmed West Burton will remain online.
(1/2)
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The UK must back North Sea oil and gas while we transition to cheap, clean power.
It would be complete madness to turn off our domestic source of gas in such an uncertain world.
My interview with
@LiamHalligan
👇🏾
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Welcome news
@Shell
is proposing to relocate its Group HQ to the United Kingdom as part of their plans to accelerate the transition to clean energy. A clear vote of confidence in the British economy as we work to strengthen competitiveness, attract investment and create jobs 🇬🇧
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The UK is not dependent on Russian gas (~3% of imports). Our single largest source is within British waters
However, every country is vulnerable to prices set by global markets
The PM is right: to become self-sufficient, we need to generate more cheap, clean power in the UK 👇🏾
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GAS DEAL🇬🇧🇳🇴
Britain’s Centrica has signed a major deal with Norway’s Equinor, boosting UK supply for the next 3 winters.
With ongoing uncertainty in Europe, securing extra supply is welcome as we maximise gas production in British waters and accelerate nuclear and renewables.
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The Scottish nationalist/Green coalition is a threat to energy security.
Turning off North Sea gas *and* opposing new nuclear is a recipe for disaster.
We need more investment in North Sea gas while we transition to cheaper renewables and more nuclear power.
👇🏾
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Gas is expensive. Renewables are cheap.
The more cheap, clean power we generate in Britain, the less exposed we’ll be to volatile gas markets we can’t control.
We’ve made huge progress since 2010, but there’s more to do 👇🏾
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The UK Government has today granted development consent for the new Sizewell C nuclear power station in Suffolk.
Read more >
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For as long as we depend on oil and gas – wherever it is from - we are all vulnerable to Putin’s malign influence on global markets.
Now more than ever we must focus on generating cheaper, cleaner power in Britain, for Britain.
My piece in today’s Mail 👇🏾
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This is big!
Nuclear fusion is a potentially limitless source of clean energy
Incredible work from scientists at
@UKAEAofficial
in Oxford and beyond
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“Renewables are the quickest and cheapest route to greater energy independence. They are invulnerable to Putin’s manipulations. He may have his hand on the taps for oil and gas. But there is nothing he can do to stop the North Sea wind.” -
@BorisJohnson
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After months of work, the UK oil and gas regulator has today granted the required approvals and consents to
@Centricaplc
to open the Rough gas storage facility off the East Yorkshire coast.
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This is excellent news!
Nissan's decision represents a genuine belief in Britain and a huge vote of confidence in our economy
For the highly-skilled workforce in
#Sunderland
, it means the city will be home to Nissan's latest models for years to come 🇬🇧
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My letter to petrol retailers this evening following concerns the Chancellor’s 5p Fuel Duty cut is not being passed on in any visible or meaningful way.
The Competition and Markets Authority is now engaged on this issue.
👇🏾
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I’m very pleased the Prime Minister won the confidence of colleagues tonight.
Two years ago the British public handed Boris a clear mandate. We now need to put leadership speculation to bed, get on with the job we were elected to do, and focus entirely on what matters to people.
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Today we mourn the passing of our late Sovereign, Her Majesty Queen Elizabeth II.
She was the outstanding public servant of our time. An incredible life lived in service to the British people and the Commonwealth.
God Save the King.
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Our plan to back new nuclear
📜Nuclear Bill to save £30bn+ on each new plant
💷£1.7bn towards a new large-scale station
⚡️Sizewell C negotiations progressing
☢️£385m Advanced Nuclear Fund
🇬🇧Backing Rolls Royce small modular reactors
👨🏿🔧£120m to enable future nuclear projects
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I’m on Teesside today launching a £400m investment - a new offshore wind factory that will employ hundreds of local people.
Westminster is a mess, but this investment - and those jobs - will outlast any PM. The wheels of Government must continue in the meantime (2/2)
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Britain's electricity supply has now gone a record two months coal free.
Our world class low-carbon energy industry continues to lead the UK's green recovery and will be vital in achieving net zero emissions by 2050.
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Our plan is shaping up
1⃣ Nuclear Bill to save £30bn on each new station now law
2⃣ Finish off Hinkley, agree Sizewell C, back Rolls Royce SMRs
3⃣ £120m to entice developers and approve 8 reactors this decade
4⃣Speed things up via Great British Nuclear, our new delivery arm
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NEW – we’ve entered into a partnership with
@CureVacRNA
to rapidly develop vaccines against new strains
We must be prepared for all eventualities so we've placed an order for 50m doses, if required
I can also confirm the agreement will allow large-scale manufacturing in the UK
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Wishing Her Majesty a swift and full recovery. Get well soon, Ma’am!
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🤦🏾♂️
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UK gas production is up 26% in the first half of 2022, boosting energy security.
New figures from
@OEUK_
show an extra 3.5bn cubic metres of gas has been added to UK supplies thanks to new North Sea fields coming online, and fewer planned shutdowns.
👉🏾
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How?
Firstly, new nuclear. Needed when the the wind doesn’t blow and the sun doesn’t shine.
We are reversing 30 years of drift with the first new power station in a generation, more cash for future large projects, and our Nuclear Bill to unblock financial obstacles.
(6/9)
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We need more nuclear!
Today I'm launching our £120m Future Nuclear Fund to entice more developers to invest £billions in new power stations.
More nuclear developers = greater competition = lower costs.
After 30 years of delay, we're cracking on! 🇬🇧
🔗
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Growing the economy is the key to beating inflation - but you can’t penalise businesses and expect the economy to grow.
@trussliz
is right to scrap the planned corporation tax rise to make sure the UK remains a globally competitive business environment.
#LizForLeader
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As a Brexiteer I’m concerned that voting down the deal will lead to no Brexit at all.
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Incredible day in
#Sunderland
with
@BorisJohnson
as Nissan + Envision announce a £1 BILLION investment + the UK’s first Gigafactory
1,600 jobs + 4,500 more in supply chain!
A huge vote of confidence in the UK + a perfect example of our green industrial revolution in action 💪🏾
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This is our plan for new nuclear
Clean, affordable power generated in the UK, for the UK 🇬🇧
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The North Sea is vital to our energy security, so I will launch another licensing round later this year.
In return, I want oil and gas companies to reinvest their profits into the UK so we all feel the benefit - jobs, growth, new clean energy technology.
I think that’s fair.
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British manufacturing growth hits a 27 year high 💥
New orders, employment growth, strong business confidence 🇬🇧👇🏾
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The Bill to cancel the Health & Social Care Levy has just concluded its passage through the
@HouseofCommons
.
We’re cutting tax for businesses and people across the country from 6 November.
All part of our Growth Plan.
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Britain's energy system needs more nuclear⚡️
Our Nuclear Bill will ensure we can attract the private capital necessary from British funds and investors from like-minded countries to deliver clean, home-grown electricity
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Good meeting today with our nuclear industry and
@BorisJohnson
on how to rapidly accelerate projects in the UK.
Nuclear power is clean, reliable and safe - and a key part of our plan for energy independence.
We’ll be setting out next steps in our Energy Security Strategy 🇬🇧
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Jobs, investment, energy security
Our plan for Britain's nuclear future 🇬🇧
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With every country racing to move away from expensive gas, the SNP government’s opposition to new nuclear looks increasingly mindless.
Nuclear is the only tech available to provide continuous low-carbon power at scale. It is critical for energy security.
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🚨NEW - Britain’s 2nd Gigafactory!
The Government is backing
@BritishVoltUK
’s plans to build a £2billion electric vehicle battery plant in
#Northumberland
, creating 3,000+ jobs
A major boost for Britain’s auto sector + a resounding vote of confidence in the North East economy!
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Today, I called-in the acquisition of Newport Wafer Fab by Nexperia, a subsidiary of a Chinese company.
There will now be a full assessment under the new National Security and Investment Act.
We welcome overseas investment, but it must not threaten Britain's national security.
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More mobile generators heading to Ukraine.
They will provide much needed energy to hospitals, shelters and water treatment plants which have lost power during the ongoing Russian invasion.
The UK Government is donating more than 500 units.
🇬🇧🇺🇦
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Yesterday, I attended the Remembrance Service at All Saints Church in Laleham. It was an honour to join Reverend Andy Saville and his parish to commemorate and reflect on those who have defended our country and made the ultimate sacrifice for our freedom.
We will remember them.
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NEW - the UK has secured an additional 40m doses of
@ValnevaSE
’s vaccine, which is being produced in Scotland 💉🏴
Today’s deal will ensure we have sufficient supplies to protect the British public in 2021 and beyond, especially if we need to revaccinate
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Today, I will table legislation that will give employers the freedom to recruit skilled, temporary staff to plug vital roles during strike action.
This new law will help protect the British public from future disruption caused by militant trade unions👇🏿
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Fuel prices⛽️
I’ve asked the
@CMAgovUK
to conduct an urgent review of the retail fuel market, as well as a longer-term investigation under the Enterprise Act.
Fuel prices are always quick to go up but slow to come down - let’s see why.
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I’m very pleased to announce that my Department is relocating 865 civil service roles outside London, creating jobs in all four parts of the UK 🇬🇧
Belfast - 60
Edinburgh - 60
Cardiff - 55
Salford - 410
Birmingham - 175
Darlington - 105
Read more 👉🏿
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Big month for nuclear in the UK
✅ £1.7bn allocated for a new large-scale nuclear power station
✅ new Nuclear Bill to boost private capital + cut build costs
✅ £210m to back
@RollsRoyceUK
small modular reactor plan
✅ £120m for future nuclear projects
#NetZeroNeedsNuclear
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Earlier today I spoke to Shell's chief executive, Ben van Beurden. Shell have made the right call to divest from Russia – including Sakhalin II.
There is now a strong moral imperative on British companies to isolate Russia. This invasion must be a strategic failure for Putin.
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Thames Side Brewery’s White Swan Pale Ale is now on tap in Parliament!
I was delighted to successfully bid for beer brewed in Spelthorne to be served in Parliament. Yesterday, I joined Andrew Hayward, the owner of Thames Side Brewery, to pull a pint of his renowned ale.
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P&O Ferries has lost the trust of the public and has given business a bad name.
My letter to the Chief Executive of P&O Ferries following their decision to fire 800 staff on the spot.
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Now more than ever we must focus on generating cheaper, cleaner power in Britain, for Britain.
All while helping our European allies move away from their dependency on Russian oil and gas.
This is how we become energy self-sufficient in the long-term.
(9/9)
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Absent leadership pretty much sums up this Government’s approach to the country’s problems.
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I just spoke to
@bbclaurak
about the government's Growth Plan & how Prime Minister
@trussliz
and I are committed to economic growth - leading to:
✅ More jobs
✅ Higher pay
✅ More money for public services
Watch below to find out more 👇
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✔️Fuel duty cut by 5p
✔️NI threshold up, saving £330/yr
✔️£1bn Household Support Fund
✔️0% VAT on home insulation
✔️Basic Income Tax cut to 19p from 2024
...plus £9.50 p/h Living Wage boost next week
Times are tough, but a strong plan from
@RishiSunak
to ease the cost of living.
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With global gas prices at record highs, we need to double down on 𝙣𝙚𝙬 𝙣𝙪𝙘𝙡𝙚𝙖𝙧 𝙥𝙤𝙬𝙚𝙧
The more clean, affordable power we generate in the UK, the less dependent we'll be on imports
Nuclear = energy security 🇬🇧
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I’m honoured and delighted to have been appointed Minister of State at
@beisgovuk
and looking forward to working with the team.
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