I am sure that all Members are here today for the same reason: our constituents are struggling with the excruciating price of fuel. I will explore three practical points that might help, if the Government will allow me. The first relates to supply and the other two to upward price distortions that I believe could be removed or alleviated.
Read the rest via House of Commons Hansard Debates for 19 Oct 2011 (pt 0003). I called for a shale gas revolution, the reconsideration – following the EU Commission’s remarks – of our aggressive decarbonisation policies and consideration of the monetary factors which affect energy prices (see here for example).
Poor Helicopter Ben. I cannot believe you mention him and not our good old Merv, who is delivering inflation much more effectively. Bernanke looks across the Atlantic and is jealous.
Dollars are the relevant currency in this context. I have criticised the Bank of England elsewhere.