UK Parliament / Open data

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

I am grateful that the Minister is being so generous with his time. None of us has any brief for those who have done extraordinarily well out of all this; they should not have been allowed to be so lucky, but we should not let that delay us. The reality is that it is accepted as part of the scheme that there may be losers, as is recognised in the buy-out clause that the Secretary of State and the Minister pray in aid. A 12% return seems quite a good rate, but the fundamental problem is that the cost that the Minister tells us will be allowable as the basis for that return is not the same as the cost of the boiler plus installation. We need a guarantee that the problems faced by the potential losers will not be compounded by an incompetently designed buy-out scheme that cannot work for them financially.

About this proceeding contribution

Reference

655 c1047 

Session

2017-19

Chamber / Committee

House of Commons chamber
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