NORTH SEA TAX RISE AND PRESS & JOURNAL NEWSPAPER CAMPAIGN

Motion Text

That this House supports the Press & Journal newspaper's campaign against the Government's imposition of the 10 per cent. tax increase on the North Sea oil and gas industry, and the manner in which it was introduced in the Budget; believes that this tax hike is a threat to jobs and exploration in the North Sea; and calls on the Government to suspend the tax rise pending the publication of a full economic impact assessment on employment and exploration activity.