Graham Stuart

Graham Stuart

Conservative — Beverley and Holderness

Speaking in the House of Commons on 18 March 2026

Debate

Fuel Duty

Contribution

My right hon. Friend makes a powerful point about North sea oil and gas extraction. The Labour party says that will not make any difference to the global price of oil and gas, but billions and billions of pounds in tax will be lost as a result of having no new licences in the North sea. Those billions could be used to replace the revenues generated by fuel duty. In fact, if the Government wished, they could convert those billions into cuts in price at the pump for every single family in the country, including those in rural Beverley and Holderness who are suffering today.

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