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Proceeding contribution from Angela Eagle (Labour) in the House of Commons on Wednesday, 13 May 2009. It occurred during Debate on bill and Committee of the Whole House (HC) on Finance Bill.


Finance Bill

By definition, that can be the case only if fuel prices are exactly the same everywhere in the country—that is the logical response to the hon. Gentleman's point. Nobody is arguing that there is a direct 100 per cent. connection between the rate of fuel duty and the price. I do not know whether he is suggesting any opposite or different approach, but in the UK we leave petrol producers to decide on the price. The Government levy a duty, but there is not always an easy connection between the level of duty and the price at the pump. When there is more competition the price at the pump can be driven lower than it is when there is no competition, as has been said by several opposition Members. That much is true, but this is about whether they are arguing that we should maintain one set level of petrol price—it is almost like the universal service obligation for the post. Setting a commodity price, albeit an important one, at the UK level represents a very different approach from the one to which we have become used over the years.


Secondary information

Type
Proceeding contribution
Reference
492 c950 
Session
2008-09
Chamber / Committee
House of Commons chamber
Subjects
Accountability Audit Accountancy Companies Bingo Excise duties Exhaust emissions Large goods vehicles Fuels Gaming Double taxation Motor vehicles Oil Prices Taxation VAT Rural areas
Legislation
Finance Bill 2008-09
Link
View this Proceeding contribution on www.publications.parliament.uk