M
Member
Speaking in the House of Lords on 26 March 2026
Debate
Middle East: Economic UpdateContribution
First, we will be responsive. We do not yet know what the full impact of this conflict will be, so we must be agile in responding appropriately at each moment. We extended the 5p fuel duty cut and have pushed out the cheaper fuel finder, empowering people to avoid rip-off prices, and chasing down the last few filling stations to reach 100% compliance. When wholesale kerosene prices more than doubled overnight, we stepped in within a matter of days with £53 million of support for those who needed it most. From next week, households will benefit from £150 off their energy bills thanks to the action that I took in my Budget, with the price cap giving households certainty on their bills until July, ahead of the winter months, when people use 78% of their gas.
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