§ Mr. HowardTo ask the Chancellor of the Exchequer what assessment he has made of the impact of the new supplementary tax on North sea oil profits announced in the Budget on oil industry employment in(a) Scotland and (b) the UK. [R] [60590]
§ Dawn PrimaroloThe Government made a full analysis of the regime. The changes to the North sea taxation regime will ensure a regime that raises a fair share of revenue and encourages long-term investment, establishing a more secure basis on which companies can plan for the future.