The Economy and Pensions

Part of Orders of the Day – in the House of Commons at 1:37 pm on 14 November 2007.

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Photo of John Redwood John Redwood Conservative, Wokingham 1:37, 14 November 2007

My hon. Friend is making a great speech. Has he noticed how the Chancellor slipped through a substantial increase in petrol tax at a time when oil prices were rising, so that he now takes more than 65p a litre from everyone who buys petrol to go about their business? That has led to a spike in inflation so that we have to pay twice, first in oil taxes and second in higher interest rates because of the inflationary consequences. Is that not also a blot on his record?