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Lord Livermore (Lab)

Speaking in the House of Lords on 1 June 2026

Debate

Middle East: Economic Response

Contribution

As the noble Baroness will know, as she is far more expert in these matters than I am, in order to support farmers and the freight industry we have cut duty on red diesel. Red diesel costs almost doubled at their peak and are now around 50% higher than their pre-crisis levels, so the Government are going further, cutting the duty rate on red diesel by over one-third, reducing the rate to its lowest level for over 20 years. This takes effect from 15 June and remains in place until the end of 2026. The noble Baroness will also know that we have cut regular fuel duty by 5p, and diesel will be 11p per litre cheaper throughout 2026 than it would have been compared to plans inherited from the previous Government.

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