North Sea industry chiefs call for windfall tax repeal amid 25,000 job losses
UKPulse News Desk
Industry leaders are urging the government to accelerate plans to phase out the windfall tax on North Sea operations, citing a loss of 25,000 jobs under the current Labour administration.
- The North Sea has reportedly lost 25,000 jobs under Labour.
- Industry chiefs are demanding the windfall tax be scrapped.
- The North Sea Transition Taskforce report suggests bringing forward a plan to phase out the levy.
Industry chiefs are calling for the immediate repeal of the windfall tax on North Sea operations, following a report indicating 25,000 job losses under the Labour government. The North Sea Transition Taskforce has stated that a plan to phase out the levy must be brought forward.
This action is deemed necessary by the Taskforce to prevent what they describe as a 'disorderly decline' in the sector.