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Brexit Readiness: Operation Yellowhammer

Part of the debate – in the House of Commons at 3:31 pm on 25th September 2019.

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Photo of Melanie Onn Melanie Onn Labour, Great Grimsby 3:31 pm, 25th September 2019

The Government’s plans for 0% import tariffs on petrochemicals will see a flood of cheap products coming from Russia and the middle east and make UK producers such as the Lindsey oil refinery uncompetitive. Are the Government planning to cut excise duty in a domestic sector-specific arrangement, and will that result in a loss to the Treasury? If so, how much? Is there a risk to fuel security if we become dependent on volatile regions for supply?