00:00This looks like the most expensive summer job in history.
00:03Eight billion pounds of taxpayers' money for Ed Miliband.
00:07We've already got the Crown Estate
00:09able to license the seabed.
00:11In fact, it's done that, which is why we're
00:13one of the world's leading superpowers in wind energy
00:16already.
00:17We've already done that under previous governments.
00:19And there's organizations like the UK Infrastructure Bank
00:22that's already capable of providing some public finance
00:24to match private capital to unlock this opportunity.
00:28So it's important that we see a transition to clean energy.
00:31That's continuing the work that the previous government
00:33started.
00:34But eight billion pounds of taxpayers' money
00:36at a time when Labour ministers are touring the studios saying
00:39that they're finding that there isn't as much money as they
00:42thought seems like a very expensive way of keeping
00:45Ed Miliband employed this summer.
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