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.
Northern Ireland (Regional Rates and Energy) (No. 2) Bill
Proceeding contribution from
Tony Lloyd
(Labour)
in the House of Commons on Wednesday, 6 March 2019.
It occurred during Debate on bills on Northern Ireland (Regional Rates and Energy) (No. 2) Bill.
About this proceeding contribution
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2017-19Chamber / Committee
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