Mr Redwood’s intervention during the Statement on the G20, 17 November

Mr John Redwood (Wokingham) (Con): Given that the United States has been the fastest-growing advanced economy since 2009, based on the exploitation of cheap energy, was there any discussion about what we and others need to do to compete with America industrially? We will need to invest in a lot of cheap energy to keep up.

The Prime Minister (Mr David Cameron): There was a discussion about energy, and it is notable now that America starts these interventions by explaining that it is the world’s largest producer of oil and gas. My right hon. Friend makes an important point though: we should not be left out in the shale gas revolution. It has helped American competitiveness and energy prices, and I want to ensure that we do everything in the UK to take advantage of it too.

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  • About John Redwood

    John Redwood won a free place at Kent College, Canterbury, and graduated from Magdalen College Oxford. He is a Distinguished fellow of All Souls, Oxford. A businessman by background, he has set up an investment management business, was both executive and non executive chairman of a quoted industrial PLC, and chaired a manufacturing company with factories in Birmingham, Chicago, India and China. He is the MP for Wokingham, first elected in 1987.

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