00:00The full economic impact of the war remains uncertain, but it makes our economic plan even more important.
00:07To build prosperity that is secure and resilient, and to bear down on the cost of living and protect the
00:14public finances.
00:16Delivered through our ironclad fiscal rules, and today I will set out further action that I am taking.
00:23We must guarantee our domestic oil and gas industry can also play a role in our energy system for decades
00:30to come.
00:31And so I can confirm that we are encouraging investment in tiebacks to make the most of our existing production
00:38facilities.
00:40We're rewriting the story on nuclear too.
00:43Construction on size well C.
00:46Agreeing an extension to size well B.
00:48And we're due to sign the contracts on the UK's first small modular reactors in Anglesey, in partnership with Rolls
00:56-Royce.
00:57Thank you.
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