EPL extension: ‘As disappointing as it was unwise’
The UK Spring Budget took place in the House of Commons on March 6, despite most fiscal budget changes already appearing in the media well in advance.
Energy Profits Levy (EPL)
The UK Budget in its economic context
The UK Budget should be assessed in relation to its macroeconomic (aggregate) effects and in relation to its impact on individual elements (i.e. microeconomic effects).
Douglas Ross urged to whip Scottish Tory MPs against windfall tax extension
Douglas Ross has been warned he will be Scottish Tory leader in “name only” if he does not whip his MPs to vote against a windfall tax extension.
Uncertainty for new North Sea project over windfall tax
Hartshead Resources warns of the risk of a "flight of capital to other jurisdictions" due to Labour Party comments on the windfall tax.
Red-faced Tory leader Douglas Ross hung out to dry as windfall tax extension announced
The Scottish Tory leader 'fought as hard as he could' against the extension of the levy - but it fell on deaf ears.
‘Disappointing blow’: Jeremy Hunt extends North Sea windfall tax by another year
Brindex, the association of independent North Sea producers, say loss of British jobs will be "inevitable result".
Scottish Conservative leader Douglas Ross calls on Chancellor not to extend windfall tax
Tory leaders reportedly feared Douglas Ross would resign in protest over rumoured windfall tax measures
Labour windfall tax proposals: a summary
Earlier this month, Labour announced its revised green investment plan. While the wider media focus has been on the reduction of the previous £28bn annual target, the announcement also contained potentially significant proposals regarding the taxation of UK upstream oil and gas.
UK North Sea acquisitions are Waldorf’s focus for 2024
Waldorf Production has outlined its goals for the coming financial year, including its UK M&A ambitions.
North Sea firms keenly await Spring Budget clarity on windfall tax
Reports suggest Chancellor Jeremy Hunt is planning to extend the windfall tax on North Sea oil and gas firms.
Are Labour’s windfall plans really a ‘death blow’?
It was all a bit odd at the Scottish Labour conference last month. A few days earlier, the oil and gas industry was shrieking outrage at Labour for proposing a windfall tax on gargantuan profits.
Major parties in ‘rush to the bottom’ on UK energy policy, says Kistos’ Andrew Austin
“Each time we think we have certainty, someone moves the goalposts and that's not helpful.”
‘Confused’: Rishi Sunak refuses to shoot down Tory windfall tax extension claim
The prime minister was asked to rule out concerns the Chancellor is teeing up a longer tax levy – despite Tories slamming Labour for suggesting a higher rate.
Hunt considers extending UK windfall tax on oil and gas at Budget
Chancellor of the Exchequer Jeremy Hunt is weighing proposals to extend the UK’s windfall tax on the profits of oil and gas companies as one of several revenue-raising options under consideration to help finance personal tax cuts at his budget next week.
Aberdeen firms tell Jeremy Hunt to scrap windfall ‘supertax’
The UK Chancellor is facing calls to remove the controversial tax on oil and gas giants ahead of his spring budget next week.
Wind, CCS projects risk ‘being delayed or shelved altogether’ by Labour windfall tax plan
New analysis by Wood Mackenzie has forecast the financial impact of Labour's windfall tax proposals, warning that key CCS and wind projects could grind to a halt.
VIDEO: Ray Riddoch says political policies will change before votes are cast
The former CNOOC boss said "there will be a lot of change between now and the general election" following Labour's windfall tax policy.
Humza Yousaf: SNP would oppose Labour and keep windfall tax at current levels
Humza Yousaf said he'd maintain the status quo on the windfall tax in Aberdeen following Labour's controversial plans.
Yousaf criticises windfall tax plan set out ‘wolf in red rosette’ Labour
Scotland's First Minister has branded Labour a "wolf" in a red rosette as he rejected the party's plans to increase the windfall tax.
OEUK to hold ‘crisis talks’ over Labour windfall tax proposals
Trade body Offshore Energies UK (OEUK) will hold “emergency summits” with operators and the supply chain this week over proposals unveiled by Labour to extend the windfall tax if elected.
Aberdeen business leaders write to Keir Starmer warning against oil and gas windfall tax plans
More than 700 concerned voices, including Aberdeen business tycoon Sir Ian Wood, have signed the letter demanding a U-turn.
Unions liken EPL job loss impact to 1980s miners’ strikes
“There are more and more comparisons to be drawn” between the large-scale miner's strikes of the 1980s and the effects of Labour’s windfall tax hike, unions say.
Oil bosses brand Labour ‘clueless’ over windfall tax plans
Oil and gas bosses from across the North Sea have decried Labour as "clueless" following its proposed windfall tax hike.
OEUK adds to calls for independent net zero strategy in Spring Budget
Energy representatives have asked for a ‘holistic’ approach to energy policy and tax incentives in the upcoming Budget, which would help guide the UK to net-zero.
Ex-Aberdeen Labour leader accuses party of ‘trying to destroy’ oil and gas industry over windfall tax plans
Independent councillor Barney Crockett quit the Labour Party last year over its North Sea strategy.