Fair Fuel debate

The debate in the House of Commons, on fuel prices, was an opportunity to highlight how high fuel prices are impacting on economic growth. Intervening during the debate, I explained how many companies in Great Yarmouth were reluctant to expand their businesses due to their fears about spiralling fuel prices.

In Great Yarmouth, I know of several companies with the financial capital and the will to expand, but who are wary of making a commitment. This will be further undermined by another sudden surge in the price of fuel. The Government has already taken steps to ensure that fuel price increases are held back; however it needs to be prepared to take radical action to ensure that this uncertainty does not prevent growth.