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Proceeding contribution from Jeremy Browne (Liberal Democrat) in the House of Commons on Wednesday, 2 July 2008. It occurred during Debate on bill on Finance Bill.


Finance Bill

I will, shortly. [Interruption.] I will, but let me make some progress. The more charitable explanation is that the Scottish National party is seeking to devise a mechanism that will address spikes in oil prices—a laudable objective. However, in their new clauses, SNP Members do not address the issue of what would happen if prices were to fall. If they were being more straightforward, they might say, ““Here is a mechanism for artificially inflating petrol prices in the event of prices falling””. If they are not willing to say that, all that they are saying is that the mechanism is about cutting prices. They have not yet said how they will address the issue of a price shortfall, but they may do so later.


Secondary information

Type
Proceeding contribution
Reference
478 c921 
Session
2007-08
Chamber / Committee
House of Commons chamber
Subjects
Accountancy Capital gains tax Business Corporation tax Competition Budgets Income tax Insurance companies Excise duties Fuels Double taxation Domicil Economic situation Motor vehicles Parliamentary scrutiny Public participation Prices Small businesses Tax allowances Taxation VAT Shareholders Revenue and Customs Carbon emissions
Legislation
Finance Bill 2007-08
Link
View this Proceeding contribution on www.publications.parliament.uk