Author`s name Pravda.Ru

Kennedy Urges Rethink Of North Sea Oil Tax - Comments

The leader of the British political party the Liberal Democrats, Charles Kennedy, has called on the UK Chancellor to reevaluate the ten percent tax increase on oil and tax profits because of the negative impact on jobs and investment in the North Sea. The Budget increase has sent out the wrong message to energy companies that could damage the long term prospects of the offshore industry.

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