Business of the House

Jason McCartney Excerpts

Thursday 27th November 2014 Commons Chamber

[Mr Hague]

There is good case for that. This morning’s announcements will be of great benefit to my hon. Friend’s constituents, and indeed to mine. We saw an extraordinary display from Labour earlier. Despite an announcement bringing the prospect of a better return for the taxpayer, an improved service, more seats and more trains going to more stations across the north of England, Labour Members were against it because they take the trade union line and are still wedded to ideas of nationalisation, so I think a debate on this subject would be very welcome.

[Jason McCartney (Colne Valley) (Con)]

Speaking as chairman of the all-party group for fair fuel for motorists and hauliers, we very much welcome the Government’s freezing of fuel duty. However, despite a 30% reduction in the price of crude oil since June, pump prices in the UK have fallen by only 6%. Does my right hon. Friend agree that a full Competition and Markets Authority inquiry into the pricing of petrol and diesel is now long overdue, and may we have a statement?

[Mr Hague]

It is important for these price reductions to be passed on. The Office of Fair Trading has investigated these concerns. In January 2013, it published its analysis, and Government analysis suggests that crude price changes are passed on to pump prices within about six or seven weeks. National average pump prices are now at their lowest levels since December 2010, but it is, of course, quite right to keep up the pressure to ensure such reductions are passed on. My hon. Friend will also be aware that, thanks to the policies of the Chancellor of the Exchequer, pump prices are nearly 20p a litre lower than they would have been under the last Government’s fuel duty plans.