Andrew Murrison
Main Page: Andrew Murrison (Conservative - South West Wiltshire)Department Debates - View all Andrew Murrison's debates with the HM Treasury
(3 weeks, 4 days ago)
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Rachel Reeves
My hon. Friend is absolutely right that there is nothing progressive about piling up the debt that future generations will have to pay; that is why our fiscal rules are getting the debt and deficit down while enabling us to invest in our country’s infrastructure and public services. On helping people with the cost of driving, we have frozen fuel duty until the end of this year, but recognising that some people rely on their cars and vans more than others, we have also taken off the HGV tax for this year, saving HGV drivers up to just over £900 a year, and cut the duty on red diesel by more than a third. We have also increased the tax-free mileage rates to help the employed and the self-employed with the cost of fuel.
Dr Andrew Murrison (South West Wiltshire) (Con)
The announcement on red diesel will be welcomed by my farming constituents, who will await the details on the tariffs the Chancellor has cited with a great deal of interest and a certain amount of trepidation. Does she acknowledge that a third of the world’s fertilisers pass through the strait of Hormuz, and that the increase in the price of fertiliser is bound to have an impact on British agriculture and therefore on prices in the shops? What will she do to relieve some of that—in some cases existential—pressure on farms in the United Kingdom?
Rachel Reeves
I thank the right hon. Gentleman for that question. I urge him and businesses and farmers in his constituency to look at the list of products and feed into the consultation over the next week or so. We are keen to bring the tariff reductions into effect to reduce prices in shops for all our constituents, but we want to do so in a way that is respectful of British farming. That is why we have chosen the tariff lines that we have. As he recognises, we are doing more to support farmers with the reduction in duty on red diesel.
The best way, though, that we can help all our constituents, the farming sector and others is to bring the conflict to an end and reopen the strait of Hormuz. That is why the Prime Minister and Foreign Secretary are working intensively with international partners to do just that, while at the same time we are working to diversify our supply of oil and gas so that fertiliser, to which the right hon. Gentleman rightly refers, is still available for our farmers.