Rating and Valuation (S.I., 2009, No. 204)

My hon. Friend is absolutely right. Businesses are caught in an impossible dilemma. They cannot pay with the resources that they have, and with freight rates at an all-time low, their only recourse is to attempt to pass on costs elsewhere, which affects the other businesses that are in turn dependent on them. It is economic nonsense to embark on this course in the current economic situation.