Chancellor George Osborne has promised the first North Sea tax cuts in two decades – and said they would protect tens of thousands of jobs in the “vital” offshore sector.
He used his Autumn Statement to outline eagerly anticipated measures to boost the industry, with Chief Treasury Secretary Danny Alexander due to unveil the full package in Aberdeen today.
Mr Alexander will announce that tax credits will be offered to off firms to try to trigger a new wave of North Sea exploration.
Read the full story on the Press and Journal’s sister website Energy Voice.
Exclusive: New tax aid to spur oil and gas ventures
