Sir Alan Campbell

The hon. Lady is right to draw attention to the concerns about the possible economic fallout from the current situation in the middle east. As she points out, we are already taking action. We had already extended the 5p cut in fuel duty until September. We are also working at pace with our International Energy Agency partners on a co-ordinated release of oil stocks to the market, with the UK contributing 13.5 million barrels. The Chancellor and the Energy Secretary have met the petrol retail industry to make clear that drivers must get a fair deal, whether they are haulage drivers or domestic drivers. We need to make sure that competition is kept open and that the competition watchdog is vigilant on price gouging. As the Chancellor and the Prime Minister have both said, we are keeping the situation under review. We are also keeping under review the cost of red diesel, which I know will be more important in some areas, in particular rural areas, than it might be in others. We have also taken action on heating oil, which again is probably more of a prevalent concern in areas like hers than it is in some urban areas. To respond to what the hon. Lady said about the money that the Chancellor is meant to be getting in through taxation as a result of rising fuel prices. That is false economics; it does not exist. It may be that the receipts are coming in through one door, but they are going out through another because costs to Government rise, too. We should not try to—I know she is not trying to—kid people that somehow this is a benefit to the Chancellor. The Chancellor does not want this to happen and it is not as straightforward as the hon. Lady has said.