Overview

The Great British Energy Bill aims to establish a new state-owned energy company. A key amendment debated in Parliament, ultimately rejected by the Commons, concerned the prevention of financial assistance to companies involved in modern slavery within their energy supply chains.

Description

The core of the bill is the creation of "Great British Energy," a government-owned company. The purpose of this company is not explicitly stated in the provided text, but it is implied to be involved in the UK's energy sector. A significant Lords amendment, rejected by the Commons, proposed a condition to prevent financial support for companies found to be involved in modern slavery within their energy supply chains. The Commons rejected this amendment citing the alteration of their financial arrangements as the reason.

Government Spending

The bill's exact financial implications are not detailed. The rejection of the Lords Amendment suggests the Commons intend to proceed with the funding of the new energy company without the additional condition regarding modern slavery in the supply chains. The potential cost of establishing and operating Great British Energy, and any associated financial aid, will require further investigation.

Groups Affected

The bill will affect:
• The UK Government: Responsible for funding and overseeing the new energy company.
• The Energy Sector: Potential for increased competition or collaboration with the new state-owned enterprise.
• Companies involved in energy supply: Could be impacted by the creation of Great British Energy and the original Lords Amendment, focusing on the prevention of funding entities with evidence of modern slavery in their supply chains. This condition, however, was rejected by the Commons.
• Workers in the energy sector: Potential impacts could include job creation, changes in employment conditions, and increased scrutiny of working conditions in light of the modern slavery concerns.
• Consumers: Potential changes in energy prices and supply.

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