§ Mr. St. AubynTo ask the Chancellor of the Exchequer (1) what study his Department has made of the implications for the United Kingdom economy of rising motor fuel prices;[127733]
(2) if he will assess the impact for the United Kingdom economy of petrol prices reaching £4 per gallon before 31 March 2001. [127734]
§ Mr. TimmsThe Budget economic forecast took into account developments in motor fuel prices up to mid-March and their implications for both economic activity and inflation. The Treasury's next assessment of economic prospects, including the impact from higher world oil prices, will be published in the pre-Budget Report later this year.