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| Cameron 'to ensure good North Sea tax regime' |
| [08.02.2012, 06:14pm, Wed. GMT] |
A UK member of parliament called on Prime Minister David Cameron earlier on Wednesday to introduce changes on tax relief covering offshore platform decommissioning to guarantee jobs. Labour MP for North Tyneside Mary Glindon asked Cameron during the weekly Prime Minister’s Questions session in parliament to incentivise offshore developments because controversial tax increases introduced last year had put jobs at risk.“I ask the Prime Minister not to be complacent about north-east jobs,” said Glindon, whose constituency contains the yard of offshore fabricator Offshore Group Newcastle (OGN).
Cameron, who visited BP’s North Sea headquarters last October, said: “I saw for myself when I went to Aberdeen how vital this industry is and how much investment is taking place in the North Sea.
“We will make sure there is a good tax regime for the North Sea, whether that is servicing jobs in England or, indeed, in Scotland.”
Industry association Oil & Gas UK said it was encouraged by the comments made by the Prime Minister at Westminster today, including his confirmation that the oil and gas industry makes a vital contribution to the UK economy.
“It is also good to hear that the Prime Minister acknowledges the importance of ‘a good tax regime’ in the North Sea which is vital for attracting further investment,” Oil & Gas UK said.
(upstreamonline) |
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