L

Lord Fuller (Con)

Speaking in the House of Lords on 26 March 2026

Debate

Middle East: Economic Update

Contribution

My Lords, I am a 40-year veteran of the fertiliser industry, and two weeks ago I raised for the first time the prospect of shortages of ammonia causing a fertiliser-led food security shock in this country. Last week, I highlighted the effects of the Iran war on our foundational chemical industries based on soda ash, aniline, vinyl, chlorine, ethylene and others. This morning, the Financial Times’ leading article echoes my concerns, and elsewhere there are reports that the EU is backpedalling fast on new carbon taxes and reviewing the emissions trading system. When are the Government going to announce a delay to the counterproductive food chain taxes that will turn an inflation disaster into a cost-of-living catastrophe by driving up the cost of beer, bread, biscuits, milk and cheese to new heights in short order?

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