THE Coalition Government will today announce long-awaited plans to help firms cover the massive costs involved in decomissioning North Sea oil and gas infrastructure that ministers hope will unlock billions of pounds of new investment.
Chloe Smith, Economic Secretary to the Treasury, will unveil proposals developed in response to demands for the Government to offer firms certainty they will be able to set the costs of decommissioning assets such as oil and gas rigs off against future tax bills.
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