Economy

Part of the debate – in the House of Lords at 3:15 pm on 3rd November 2008.

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Photo of Baroness Oppenheim-Barnes Baroness Oppenheim-Barnes Conservative 3:15 pm, 3rd November 2008

My Lords, while the Minister is boasting about the fall in oil prices, will he also acknowledge that because we have to pay for oil with petrodollars, and because the pound is so weak against the dollar, we will lose most of that benefit?