Labour’s energy plans could cost thousands of Scottish jobs”.

The Scottish National Party (SNP) has claimed that Labour’s energy plans could cost thousands of Scottish jobs”. 

Labour has said it would increase the Energy Profits Levy (commonly referred to as the ‘windfall tax’) on oil and gas companies by three percentage points (from 35% of ring fenced profits to 38%), taking the overall tax rate for the sector to 78% - 

- while also extending the Levy to the end of the next parliament (as opposed to current plans, which will see the Levy sunset at the end of the 2028/29 financial year). 

Higher UK petroleum taxes jeopardize
investment and ...

Offshore Magazine

18 May 2024 — Global wealth management/investment
banking specialist Stifel is ... Oil & Gas analyst
Chris Wheaton said the planned measures ...

Fresh warning 100000 North Sea jobs could be lost by 2029

Press and Journal

16 May 2024 — Chris Wheaton, Stifel managing director for oil and gas, previously warned that the industry is not an “infinite source of revenue” for the ...

North Sea projects worth £21bn put at risk by Labour

This is Money
https://www.thisismoney.co.uk › article-13406909 › No...

12 May 2024 — Christopher Wheaton, oil and gas manager at Stifel, said: 'Investment in the UK North Sea is at risk because existing windfall taxes have ...