Graham Stuart

Graham Stuart

Conservative — Beverley and Holderness

Speaking in the House of Commons on 24 March 2026

Debate

Oil and Gas

Contribution

If we were to accept the argument that it would make no difference to the international price—notwithstanding the fact that there are global markets and that supply and demand leads to much lower prices in some places than in others—we are still talking about billions of pounds in forgone taxes, which could be used to reduce prices, to reduce VAT and to reduce all sorts of impositions on the British people, saving not pennies but many pounds on ordinary people’s bills. That is true, isn’t it, Minister?

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