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

I wonder how long it will be before the UK regrets their vote for labor?


2 posted on 07/09/2024 1:08:00 PM PDT by JayGalt (DEI = Didn’t Earn It)
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To: JayGalt

In a couple of years folks in England will be begging the Russians to invade them.


3 posted on 07/09/2024 1:12:24 PM PDT by cgbg ("Our democracy" = Their Kleptocracy)
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To: davikkm

All I can say to voters of the UK (and France) is: “You voted the far left in with a landslide, so enjoy it, because they’re only getting warmed up!”


4 posted on 07/09/2024 1:12:31 PM PDT by apillar
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To: JayGalt

As we speak.


5 posted on 07/09/2024 1:12:47 PM PDT by gibsonguy
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To: davikkm

Sounds like Biden’s policies. Well if they like inflation, this is the recipe to bring it.


6 posted on 07/09/2024 1:12:55 PM PDT by ProudDeplorable (Concentrated power has always been the enemy of liberty. ~ Ronald Reagan)
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To: davikkm

This is national suicide


7 posted on 07/09/2024 1:14:37 PM PDT by Mount Athos
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To: davikkm

I’m Going dow-un, I’m going down down down down down!

-Rose Royce


8 posted on 07/09/2024 1:15:18 PM PDT by SaxxonWoods (Are you ready for Black Lives MAGA? It's coming.)
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To: JayGalt

Second Biden or Harris admin would look just like that.


9 posted on 07/09/2024 1:15:28 PM PDT by The Antiyuppie (When small men cast long shadows, it is near the end of the day.)
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To: davikkm

EMBRACE THE SUCK! YOU VOTED FOR IT!...................


10 posted on 07/09/2024 1:16:33 PM PDT by Red Badger (Homeless veterans camp in the streets while illegals are put up in 5 Star hotels....................)
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To: JayGalt
I wonder how long it will be before the UK regrets their vote for labor?

UK seems to have a radical switch in parties in about 15 year cycles since Thatcher, more frequently before that....

Labour didn't receive a majority of the vote (only 34%) but won nearly 2/3 of seats of Parliament, giving them a huge majority.

so even even if they are only in control for 5 years, they can do incredible damage to the UK in that time.

11 posted on 07/09/2024 1:17:10 PM PDT by PGR88
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To: davikkm

There’s no England now...


12 posted on 07/09/2024 1:19:31 PM PDT by kosciusko51
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To: davikkm
Starmer has also promised emergency legislation to censor “anti-vaxxers in order to save lives.” https://x.com/rustyrockets/status/1810714306377593288 Get the lube Britain, while you still can.
13 posted on 07/09/2024 1:19:32 PM PDT by ponygirl (Stay gold.)
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To: JayGalt

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 -


14 posted on 07/09/2024 1:20:27 PM PDT by phil00071
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To: JayGalt

About 3 days ago I’m guessin,,,


15 posted on 07/09/2024 1:20:38 PM PDT by Adder (End fascism...defeat all Democrats.)
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To: davikkm

embrace the suck

brits


16 posted on 07/09/2024 1:23:23 PM PDT by joshua c
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To: JayGalt

I wonder how long it will be before the UK regrets their vote for labor?

><

The whole country didn’t vote for Labor.


17 posted on 07/09/2024 1:23:38 PM PDT by laplata (They want each crisis to take the greatest toll possible.)
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To: JayGalt

I hope not very long, and I hope the French regret voting the commies in.


18 posted on 07/09/2024 1:26:09 PM PDT by No name given (Anonymous is who you’ll know me as)
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To: davikkm

You wonder will in 24 months both Labour in the UK and the Leftist coalition in France be booted out because both effectively ground the economies of the UK and France to a screeching halt and takes the whole world’s economies with them.


19 posted on 07/09/2024 1:29:48 PM PDT by RayChuang88 (.FairTax: America's Economic Cure)
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To: davikkm

Labour...British filth equivalent of our democrats.


20 posted on 07/09/2024 1:30:11 PM PDT by Bonemaker (invictus maneo)
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