Exploration and Appraisal Drilling

Part of the debate – in the House of Commons at 5:47 pm on 24 February 2015.

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Photo of Jim Shannon Jim Shannon Shadow DUP Spokesperson (Health), Shadow DUP Spokesperson (Transport), Shadow DUP Spokesperson (Human Rights) 5:47, 24 February 2015

The hon. Lady is outlining the case for help for the industry. We all know that the good news this year has been the lower price at the pumps, meaning that we all—my constituents—benefit, including from the fact that that has driven down the price of oil for home heating. There have been real benefits from the reduction in the oil price. I know the hon. Lady accepts and acknowledges that prices have come down, and therefore that inflation has fallen and people have more money in their pockets. Is she suggesting to the Government that we are looking for tax incentives for the oil companies so that they can proceed?