Top minister to announce new tax breaks
Chief Secretary to the Treasury Danny Alexander is in Aberdeen today, to talk about more incentives for the North Sea.
Danny Alexander's giving Northsound News a sneak preview of new tax breaks for the oil and gas industry The Chief Secretary to the Treasury is in Aberdeen today, to announce more incentives, including an Investment Allowance for the North Sea It comes as the sector struggles with the low price of oil, and rising production costs. Yesterday the chancellor told us he's cutting 2% off the tax on oil firms' profits - a move which was met with a lukewarm response from the industry.
- Joe Odber