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Department: Department for Business, Energy and Industrial Strategy

Michael Fabricant

Main Page: Michael Fabricant (Conservative - Lichfield)

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European Council
Tuesday 14th March 2017

(7 years, 8 months ago)

Commons Chamber
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Jesse Norman Portrait Jesse Norman
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I am unsure whether I entirely caught the hon. Gentleman’s remarks, but the Government have been clear in their support not just for the UK continental shelf and the companies on it, but for Aberdeen through the £250 million city deal.

Michael Fabricant Portrait Michael Fabricant (Lichfield) (Con)
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22. Is my hon. Friend aware that at this very moment crude is trading at just $48.31? Has he read the OECD report which states that and many other structural factors mean that an independent Scotland would have a worse debt to population ratio than even Greece?

Jesse Norman Portrait Jesse Norman
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I am sure that my hon. Friend will understand that I will not comment on that specific economic issue. However, I admire his awareness of the oil spot price. The Government have managed to engineer a significant fall in oil and gas supply costs on the continental shelf—[Interruption.]

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