Middle East: Economic Update Debate

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Department: HM Treasury

Middle East: Economic Update

Simon Hoare Excerpts
Monday 9th March 2026

(1 day, 9 hours ago)

Commons Chamber
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Rachel Reeves Portrait Rachel Reeves
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I thank my hon. and gallant Friend for his question and for his contribution to the debates last week. He knows how important it is to de-escalate, because it is our armed services personnel who would be at the frontline of any escalation of the crisis. De-escalation is also in the interests of all our constituents, whether because of heating oil, the price paid at petrol pumps or mortgage rates. That is why this Government are putting all our diplomatic efforts into de-escalating this crisis and reopening the strait of Hormuz.

Simon Hoare Portrait Simon Hoare (North Dorset) (Con)
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As heating oil and petrol prices go up in rural North Dorset, my constituents are hearing the Chancellor echo one of her predecessors in effectively saying, “Crisis? What crisis?” She needs to actively get a grip on this issue. Motorists in rural areas use their cars because they have to. The vast majority of my constituents are off grid and have no alternative to keep warm other than using heating oil. This is a crisis in costs taking place today that meetings with and letters to the CMA will not help or address. She has mentioned that this meeting has been organised on Wednesday and that invitations have gone out for it. [Interruption.] We do not need the hon. Member for Swansea West (Torsten Bell) gesticulating like some—

Caroline Nokes Portrait Madam Deputy Speaker (Caroline Nokes)
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Order. The question is far too long!