TOPICAL DEBATE Financial Stability

Part of Business of the House – in the House of Commons at 12:23 pm on 9th October 2008.

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Photo of Stephen Timms Stephen Timms Financial Secretary (HM Treasury) (also in the Department for Business, Innovation and Skills) 12:23 pm, 9th October 2008

The fall in the price of oil is certainly very welcome. There are also indications that the recent increases in food prices are moderating. However, the hon. Gentleman is absolutely right—those reductions need to be reflected in the prices charged to ordinary consumers.

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