Families should get cheaper household bills and airline tickets because of falling oil and gas prices.
I am pleased the Chancellor has launched a Treasury investigation into whether companies are passing on the benefits to customers of plunging oil and gas prices. A Treasury spokesman has said: “The Government is conducting studies of industries like the utilities and the airlines. We are examining if any action needs to be taken.”
I know that the Chancellor would be watching utilities companies and airlines in the coming weeks and months to see if they were reducing prices.