James Wild

James Wild

Conservative — North West Norfolk

Speaking in the House of Commons on 3 March 2025

Debate

Finance Bill

Contribution

I beg to ask leave to withdraw the clause. Clause, by leave, withdrawn. New Clause 2 Energy (oil and gas) profits levy: impact assessment of increase in rate “(1) The Chancellor of the Exchequer must, within six months of this Act coming into force, commission and publish an assessment of the expected impact of Sections 15 to 17 of this Act on— (a) domestic energy production and investment; (b) the UK’s energy security; (c) energy prices, and; (d) the UK economy. (2) The assessment must examine the impact of provisions in this Act in comparison with what could have been expected had the energy (oil and gas) profits levy remained unchanged.”—(James Wild.) This new clause would require the Chancellor to commission and publish an assessment of the expected impact of changes to the energy (oil and gas) profits levy on domestic energy production, the UK’s energy security, energy prices and the UK economy. Brought up, and read the First time. Question put, That the clause be read a Second time.

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