The Chancellor is to provide up to £160m worth of tax relief for each oil and gas field in the West of Shetland, where almost one fifth of Britain’s remaining reserves are thought to lie.
- Text size
Tax breaks to open up last frontier for UK oil
Alistair Darling has announced the biggest boost to the North Sea oil and gas industry for years with a tax break for energy companies that could create up to 600 jobs and produce a total investment of £14 billion.
