Business of the House

Lord Watts Excerpts

Thursday 24th March 2011 Commons Chamber

[Sir George Young]

I am grateful to my hon. Friend for his kind words about my right hon. Friend Lord Baker, who listened with interest to yesterday’s statement that there would be not 12 but 24 high-quality, technically oriented UTCs. We are aware—and if we were not, we are now—of Harlow college’s interest in submitting an application. I can tell my hon. Friend that the intention is to select the first round of new technical academies to go forward by the early summer, following a competitive selection process.

[Mr Dave Watts (St Helens North) (Lab)]

May we have a statement on how the Government intend to ensure that the announced increases in tax on the fuel companies will not be passed on directly to hard-pressed motorists? Are we to take it from the statement that any further increases will be referred for scrutiny before they are allowed?

[Sir George Young]

Of course I understand the hon. Gentleman’s concern—but I do not know whether he has had time to look at the regulatory impact assessment carried out in 2006, when his party was in government, on increased taxation on North sea producers. It said:

“Oil companies are price-takers, facing a globally-determined market price for their output, and so will absorb all costs. They will be unable to pass any costs on to consumers, and the impact will be distributed proportionately across producers with no adverse effects on competition”.

I hope that gives the hon. Gentleman the reassurance he was seeking.