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Proceeding contribution from Robert Smith (Liberal Democrat) in the House of Commons on Thursday, 12 January 2006. It occurred during Adjournment debate on Security of Supply.


Security of Supply

The unfortunate thing about that reassurance from the Chancellor is that it contradicts his reason for imposing the increase. He claims that that reason is the high price of oil, yet he says that if the oil price were to go down or to collapse, he would not take the tax away. Clearly, therefore, the tax is linked not to the high price of oil but to his need to get money at short notice.


Secondary information

Type
Proceeding contribution
Reference
441 c488 
Session
2005-06
Chamber / Committee
House of Commons chamber
Subjects
Companies Conservation Coal Climate change Energy Electricity generation Energy supply Distribution Fuel poverty Imports Oil Natural gas Nuclear power Prices Storage Sustainable development Tax allowances Renewable energy Reviews Reserves
Link
View this Proceeding contribution on www.publications.parliament.uk