All 1 Debates between Angela Eagle and Rehman Chishti

Fuel Prices and the Cost of Living

Debate between Angela Eagle and Rehman Chishti
Wednesday 16th March 2011

(13 years, 8 months ago)

Commons Chamber
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Angela Eagle Portrait Ms Eagle
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It is clear that increases in fuel duty have knock-on effects on petrol prices, and that fuel prices in general have complex knock-on effects in an economy. The Government have to think about that as they approach the Budget.

Angela Eagle Portrait Ms Eagle
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No. I have given way a few times, and I am going to get on with my remarks.

It is absolutely clear that increased fuel duty costs are eating further and further into already stretched household budgets, making the squeeze on living standards even worse. Businesses are suffering from problems caused by inflating commodity costs, tighter margins and restricted access to credit from the banks. Many are anxious about how they will get by in the next few years, and the continuing rise in the price of fuel is adding to that worry.