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UK Labour vows tougher North Sea oil taxes, end to new licenses, reinstates 2030 ban on new gas cars.
Citizen Watch Report ^

Posted on 07/09/2024 1:06:36 PM PDT by davikkm

Higher Taxes: Labour plans to raise taxes on North Sea oil and gas producers. Specifically, they intend to increase the existing windfall taxes from the current 75% to 78%. This move aims to fund their ‘green prosperity plan’, which includes investments in renewables through a state-owned vehicle called Great British Energy. Ban on New Licenses: Labour has pledged not to award any new North Sea oil and gas licenses if they come into power. This policy directly impacts potential developments like the Buchan oilfield, which contains approximately 100 million barrels of oil and was scheduled to produce its first oil in 2026. Existing Licenses: Labour commits to honoring existing licenses granted before the next general election. However, they would not allow any new licenses for oil and gas exploration.

(Excerpt) Read more at citizenwatchreport.com ...


TOPICS: Business/Economy; Government
KEYWORDS: blogpimp; licenses; taxes; uk
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To: davikkm
Attention,British citizens:

If you think things are bad now...

JUST WAIT A COUPLE OF YEARS!


21 posted on 07/09/2024 1:34:04 PM PDT by Gay State Conservative (Never Trust A Man Whose Uncle Was Eaten By Cannibals)
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To: phil00071
They will try to enact a radical program for which they have no mandate -

That's OK, let them show us their brilliant governing. We all know the outcome in advance. The people of the UK have only got a taste of what's coming and it will come good and hard.

22 posted on 07/09/2024 1:34:24 PM PDT by usurper (AI was born with a birth defect.)
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To: davikkm

GOODBYE ANGLAND!


23 posted on 07/09/2024 1:35:36 PM PDT by RobertoinAL
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To: PGR88

These are descendants of the same geniuses who threw Winston Churchill out. Profoundly defective genes passed along.


24 posted on 07/09/2024 1:36:05 PM PDT by Bonemaker (invictus maneo)
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To: Bonemaker

I don’t know what the taxes do for England but the oil should be put on the world market to bring prices down and squeeze Iran and Russia, 2 troublemakers. If that means eliminating taxes on oil then fine.

I do remember Sarah Palin going to bat for Alaskans and getting money for them from the oil companies. It should be a win-win but if the companies get a windfall it leaves everyone else out.


25 posted on 07/09/2024 1:37:17 PM PDT by DIRTYSECRET
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To: phil00071; naturalman1975

IIRC the King/Queen can “dismiss” the Prime Minister. Queen Elizabeth “dismissed” Australia’s Prime Minister some years ago...1960s/1970s.


26 posted on 07/09/2024 1:38:26 PM PDT by Gay State Conservative (Never Trust A Man Whose Uncle Was Eaten By Cannibals)
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To: davikkm

Elections have consequences.


27 posted on 07/09/2024 1:48:51 PM PDT by Ge0ffrey
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To: apillar

The migrants and commies in both countries won’t regret it at all.


28 posted on 07/09/2024 1:51:18 PM PDT by Trailerpark Badass (“There should be a whole lot more going on than throwing bleach,” said one woman)
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To: davikkm

If they flee Great Britain, they can move to New York or California and not have adjustment shock.


29 posted on 07/09/2024 1:51:38 PM PDT by RetiredTexasVet (We used to be a Republic, we are now a Fascist Klepto-Thugocracy.)
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To: davikkm

Put a fork in the UK, they’re done.


30 posted on 07/09/2024 1:53:59 PM PDT by wjcsux (On 3/14/1883 Karl Marx gave humanity his best gift, he died. )
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To: davikkm

Put a fork in the UK, they’re done.


31 posted on 07/09/2024 1:54:21 PM PDT by wjcsux (On 3/14/1883 Karl Marx gave humanity his best gift, he died. )
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To: All

The country with the largest decline in oil production last year was Yemen, down 55%.

The 2nd largest decline was the UK, down 11%.

And that was before any of these new laws or regulations.

Geology doesn’t care about politics. The North Sea has been pumped heavily for 30 years. Empty has no solution.


32 posted on 07/09/2024 1:56:32 PM PDT by Owen
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To: davikkm

Well, that’s the sandwich they ordered.


33 posted on 07/09/2024 1:58:46 PM PDT by lurk (u)
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To: kosciusko51

There’s no England now...


There’ll always be an England
And England shall be free
If England means as much to you
As England means to me


34 posted on 07/09/2024 2:01:05 PM PDT by Bob Wills is still the king (Just a Texas Playboy at heart!)
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To: phil00071

“Under the UK parliamentary system, there is virtually nothing that can stop the new governing party from doing everything it wants to do during the next five yearss, especially with its huge majority in the House of Commons. There are no mid-term elections, no divided government, and no equivalent of the Supreme Court. The Labor Party received only one-third of the votes, but got 66 percent of the seats. They will try to enact a radical program for which they have no mandate -”


In the UK, each political party runs on a “manifesto” that is the party platform. Each MP runs on the manifesto of their own party, with the explicit promise of passing the manifesto if they obtain a majority in Parliament.

Within a few weeks, the Labor manifesto will be presented to the King for his acceptance (which has always been forthcoming since Cromwell), and will then be put up in Parliament for legislation. It will pass, since Labor now has a super majority.

Parliamentary governments are built to be activist legislatures and executives. Our Federal system was always designed to prevent action until public demand grows so large that it can no longer be avoided.

Manifestos for Labor and the Conservatives are attached.

https://migrationobservatory.ox.ac.uk/resources/commentaries/uk-election-2024-comparing-the-manifestos/


35 posted on 07/09/2024 2:10:43 PM PDT by Bob Wills is still the king (Just a Texas Playboy at heart!)
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To: davikkm

Hey Limies! You get the government you voted for!

I hope you like the reduced dole.


36 posted on 07/09/2024 2:10:58 PM PDT by Redleg Duke (“Who is John Galt?”)
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To: davikkm

UK is already being strangled by sky high energy costs. NG is about 4x what it is here. Recently the last fertilizer plant shut down because they couldn’t afford the energy costs to keep it open— bye bye affordable food for brit’s. We may be witnessing the first time in history a first world nation sinks to third world status— tilling their own yards and eating bugs to stay alive.


37 posted on 07/09/2024 2:20:45 PM PDT by hinckley buzzard ( Resist the narrative. )
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To: SaxxonWoods
I’m Going dow-un, I’m going down down down down down! -Rose Royce

Huh, I could have sworn that was Kamala Harris's campaign song.
38 posted on 07/09/2024 2:22:02 PM PDT by Aut Pax Aut Bellum (What did Socialists use before candles? Electricity)
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To: davikkm
The people making these rules for the masses will continue to fly on private jets, commute in limo's, eat steak, count their ooooodles of cash...and laugh their azzes off.

Serfs are fun.

39 posted on 07/09/2024 2:26:56 PM PDT by RckyRaCoCo (Time to throw them out of the Temple...again)
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To: davikkm

I wonder how bad the fraud was.


40 posted on 07/09/2024 2:35:07 PM PDT by roving (Deplorable Erectionists Listless Vessel )
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