UK Parliament / Open data

Northern Ireland (Regional Rates and Energy) (No. 2) Bill

I will come to the hon. Gentleman in a minute, if I may.

I remind Members that although the scheme as it was originally conceived was supposed to have an average return of 12%, the actual rate of return on average for people has been 50%—a 50% return on their money. That is extraordinary, particularly when we consider that that money comes out of taxpayers’ pockets. Quite legitimately, people have asked why provisions on the rates and on the RHI modifications have ended up in the same Bill. It is fair to say that there are only five substantive clauses in total for both those issues, but it is worth remembering that one of the reasons they are together is that the costs of this extraordinary bounty are not just magicked out of thin air or paid for by nobody.

About this proceeding contribution

Reference

655 c1046 

Session

2017-19

Chamber / Committee

House of Commons chamber
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