Petrol Prices Debate

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Petrol Prices

Mike Crockart Excerpts
Wednesday 15th May 2013

(11 years, 6 months ago)

Commons Chamber
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Ed Davey Portrait Mr Davey
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I congratulate the hon. Gentleman on getting the subject of nuclear power into this statement. Some of the tests in our negotiations with EDF on a contract for difference in relation to the proposed nuclear reactor at Hinkley Point C are to ensure that we get value for money and that the proposal is affordable.

Mike Crockart Portrait Mike Crockart (Edinburgh West) (LD)
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While the European Commission’s involvement is welcome, will my right hon. Friend outline what more UK authorities, such as the Competition Commission and the OFT, can do to ensure that fuel duty cuts made by the Government end up in the pockets of motorists rather than in the coffers of oil companies?

Ed Davey Portrait Mr Davey
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My hon. Friend makes a good point. UK authorities are working extremely closely with European competition authorities. Indeed, they accompanied them on their raids of various companies’ offices. They are active in this investigation, and I hope he takes reassurance from that.