Barry Gardiner

Barry Gardiner

Labour — Brent West

Speaking in the House of Commons on 23 April 2025

Debate

North Sea Oil and Gas Workers: Transitional Support

Contribution

The taxation regime is critical to the ability of companies to make profits in the North sea. We have the lowest base rate of tax on oil and gas production companies in the world, and it is only because we have the windfall tax that we take the rate up to the average. The Minister needs to look at the investment that would be available were we not subsidising the operations from the public purse. It is not quite the zero-sum game that he suggests.

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