Harriet Cross

Harriet Cross

Conservative — Gordon and Buchan

Speaking in the House of Commons on 4 September 2024

Debate

Engagements

Contribution

Q5. Offshore Energies UK reports that the Government’s proposed windfall tax increases will cost our economy £13 billion, risk 35,000 jobs and see investment in the North sea slashed from £14.1 billion to just £2.3 billion by 2029. It also suggests that there will be a £12 billion cost in tax revenues. How does this proposal chime with the Prime Minister’s goal of economic growth, and will he reverse this tax increase, which industry leaders are calling economic suicide for the oil and gas sector?

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