UK Parliament / Open data

Fuel Costs

Proceeding contribution from Kerry McCarthy (Labour) in the House of Commons on Monday, 7 February 2011. It occurred during Opposition day on Fuel Costs.
What I am saying is that a correlation between oil price movements and revenue has not been established by the OBR. In fact, it has said that that is not the case and that in the short term a temporary rise in the oil price would have a negligible impact on revenue. Therefore, the question is what money would be used to offset the stabiliser or regulatory mechanism that the hon. Gentleman's party wants. If it does not come from the revenue, where does it come from?
Type
Proceeding contribution
Reference
523 c64 
Session
2010-12
Chamber / Committee
House of Commons chamber
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