Clause 4 — Rates of Hydrocarbon Oil Duties
Finance Bill
3:30 pm
Mr Michael Jack (Fylde, Conservative)
I am most grateful for my hon. Friend's generous words. He has mentioned bioethanol. Is he aware that British Sugar is looking closely at the question of substantial investment in this area, particularly in relation to bioethanol and the use of raw materials derived from the sugar production process and possibly even from potatoes? Does he agree that such developments would be dependent on a more generous derogation on the duty, to pump-prime what could be some very major investment?