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

Citizen Watch Report ^

[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.

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TOPICS: Business/Economy; Government
KEYWORDS: licenses; taxes; uk

[JayGalt]

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

[cgbg]

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

[apillar]

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!”

[gibsonguy]

As we speak.

[ProudDeplorable]

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

[Mount Athos]

This is national suicide

[SaxxonWoods]

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

-Rose Royce

[The Antiyuppie]

Second Biden or Harris admin would look just like that.

[Red Badger]

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

[PGR88]

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.

[kosciusko51]

There’s no England now...

[ponygirl]

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.

[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 -

[Adder]

About 3 days ago I’m guessin,,,

[joshua c]

embrace the suck

brits

[laplata]

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

><

The whole country didn’t vote for Labor.

[No name given]

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

[RayChuang88]

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.

[Bonemaker]

Labour...British filth equivalent of our democrats.