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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 have mentioned countries where the price of petrol is higher than it is in the United Kingdom; I could also mention countries where the price is lower. That is a choice that Governments have to make. If the SNP does not want to cut public spending—I have not heard it make any proposals for such a cut—it needs to try to raise the revenue elsewhere. However—surprise, surprise—I have not heard any proposals on how that revenue would be raised. My final point on the Scottish Nationalist party amendments is that the Government have this mechanism in a rather cruder form already. One of the issues in this debate is whether the Government wish to implement, further defer or cancel altogether the 2p duty rise that is planned for the autumn. One of the considerations that they are presumably taking into account is the overall price of oil and the effects on businesses and private individuals. The Government already have the ability, if they so wish, to vary upwards or downwards the total amount of duty on petrol and diesel depending on wider economic considerations and the price of oil, without having to introduce a mechanism of this sort.


Secondary information

Type
Proceeding contribution
Reference
478 c922 
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