Costs for Motorists
Debate between Bradley Thomas and Lucy Rigby(2 weeks, 6 days ago)
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Lucy Rigby
I am grateful to the hon. Member. I might ask that our meeting—when indeed we do meet, as I am happy to do so—is fully focused on the matters at hand.
Bradley Thomas (Bromsgrove) (Con)
Having worked in the oil industry, I understand the flow of oil products around the world quite well, and it is unquestionable that the Government have eased the prospect of Putin’s oil flowing into the UK’s oil market—that is beyond doubt. I have three questions for the Chief Secretary. Can she explain the Treasury’s calculation of the extent to which this move may benefit UK motorists? Can she explain why the Government have decided to do this, and can she tell us what she thinks the cost will be to the Government’s integrity and whether it is worth it?
Lucy Rigby
I assume that the hon. Member is referring to the decision on licences in the sanctions regime. These licences are specific, targeted and will be reviewed on a very regular basis. Given that he understands the flows of oil so well, he will know that licences are a very common part of the sanctions regime. The reason these licences are being put in place is to stage the impact on the economy. Indeed, the European Union is going to achieve a full ban by the end of 2026—it, too, is staging the impact. This is a sensible measure when it comes to our economy. What is totally beyond doubt is our steadfast support for Ukraine and the pressure that we continue to put, with our international allies, on Vladimir Putin.