Written Question·Treasury·UIN 95547

Energy: Taxation

Tabled: 28 November 2025

Answered: 3 December 2025

Question

Harriet Cross

To ask the Chancellor of the Exchequer, if she will make an estimate of the number of jobs that will be lost from the North Sea oil and gas sector, from both operator and supply chain companies, in (a) 2026, (b) 2027, (c) 2028, (d) 2029 and (e) 2030 due t

Answer

Dan Tomlinson

The Energy Profits Levy (EPL) was introduced in 2022 by the previous government. The government considered the impact of the extension to the EPL until 31 March 2030, announced at Autumn Budget 2024, on the economy, including investment. The summary of im...

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