Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

Skip to comments.

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
Navigation: use the links below to view more comments.
first previous 1-2021-4041-56 last
To: davikkm

So long, Blighty.


41 posted on 07/09/2024 2:37:55 PM PDT by Seruzawa ("The Political left is the Garden of Eden of incompetence" - Marx the Smarter (Groucho))
[ Post Reply | Private Reply | To 1 | View Replies]

To: SaxxonWoods
Enjoy

https://m.youtube.com/watch?v=tTbycjXBy6A&pp=ygUXQWxseSB2ZW5zYmxlIGdvaW5nIGRvd24%3D

42 posted on 07/09/2024 2:43:02 PM PDT by Seruzawa ("The Political left is the Garden of Eden of incompetence" - Marx the Smarter (Groucho))
[ Post Reply | Private Reply | To 8 | View Replies]

To: davikkm

Welcome back to the pre-industrial age. Now enjoy your bug porridge


43 posted on 07/09/2024 2:45:13 PM PDT by nevadapatriot
[ Post Reply | Private Reply | To 1 | View Replies]

To: davikkm

Good luck with the new improved fish (worms) and (cricket) chips. Another win for Klaus and his globalist minions. We cannot roll over for these pukes, this is the actual hill to die on - WEF is a grave existential threat to the USA.


44 posted on 07/09/2024 2:53:06 PM PDT by jpp113
[ Post Reply | Private Reply | To 1 | View Replies]

To: 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!”


45 posted on 07/09/2024 2:55:54 PM PDT by MinorityRepublican
[ Post Reply | Private Reply | To 4 | View Replies]

To: davikkm

I predict a lot of Britains will be visiting Mexico soon. Save that long wait for approval to immigrate.


46 posted on 07/09/2024 3:08:40 PM PDT by lastchance (Cognovit Dominus qui sunt eius.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: apillar

Labour’s vote numbers are actually down slightly. Labour hasn’t won this election, the Tories lost it because they governed like Labour lite and the Conservative support base refused to defend the Tories and instead either stayed home or voted Reform, who are going to become a lot more popular in the years to come.


47 posted on 07/09/2024 3:52:29 PM PDT by sinsofsolarempirefan
[ Post Reply | Private Reply | To 4 | View Replies]

To: ponygirl
Get the lube Britain, while you still can.

🤣 Such colourful language!

48 posted on 07/09/2024 3:57:08 PM PDT by grey_whiskers ( The opinions are solely those of the author and are subject to change without notice.)
[ Post Reply | Private Reply | To 13 | View Replies]

To: davikkm

Isn’t the North Sea oil in Scotland actually? That could be a reason for the Scots to finally leave the UK.


49 posted on 07/09/2024 4:29:09 PM PDT by kaktuskid
[ Post Reply | Private Reply | To 1 | View Replies]

To: Gay State Conservative

The Monarch can dismiss the Prime Minister, but only under extremely specific circumstances, where a Prime Minister or government is acting totally contrary to constitutional practice. This is very unlikely to happen in the United Kingdom.

It did happen in Australia in 1975 - the Governor-General (the Queen’s representative) actually made the decision, not the Queen herself - but that was such an exceptional case. The socialist government had lost the ability to pass a budget, and the Prime Minister refused to follow normal constitutional practice in advising the Governor-General to call an election. I hope no British government would ever be that incompetent and then try to double down on it. The Australian Prime Minister involved was exceptionally arrogant and ignorant of his constitutional position.

The monarch’s powers to intervene exist to deal with the most serious type of constitutional crisis - not a government going just a little bit far, but one that is verging on being out of control to the extent they are going beyond their generally accepted powers.

The ultimate tipping point in Australia in 1975 was the Prime Minister telling the Governor-General his only plan to deal with the budget crisis was to illegally order the Commonwealth Bank (at that time a government owned and operated bank) to loan the government money. That was a massive overreach of authority. Just asking for a loan, wouldn’t have been - but the PM was afraid they would say no, so he went a step too far.


50 posted on 07/09/2024 5:58:21 PM PDT by naturalman1975 ("America was under attack. Australia was immediately there to help." - John Winston Howard)
[ Post Reply | Private Reply | To 26 | View Replies]

To: naturalman1975
Thanks! We Freepers know that when the subject is Australia (or Great Britain) we can depend on you!
51 posted on 07/09/2024 6:58:34 PM PDT by Gay State Conservative (Never Trust A Man Whose Uncle Was Eaten By Cannibals)
[ Post Reply | Private Reply | To 50 | View Replies]

To: davikkm

Hope The Netherlands destroy England tomorrow.


52 posted on 07/09/2024 7:04:16 PM PDT by dfwgator (Endut! Hoch Hech!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: davikkm

Do it.


53 posted on 07/09/2024 8:45:05 PM PDT by Organic Panic (Democrats. Memories as short as Joe Biden's eyes)
[ Post Reply | Private Reply | To 1 | View Replies]

To: RayChuang88

The future of both nations is up to the Muslims. No one else matters there anymore.


54 posted on 07/09/2024 8:47:01 PM PDT by Organic Panic (Democrats. Memories as short as Joe Biden's eyes)
[ Post Reply | Private Reply | To 19 | View Replies]

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

They only got 1/3 of the votes, but 2/3 of the seats in parliament.

Reform UK (Nigel Farage) got 14% of the votes, but only 4 seats (~1% of all seats).

The Liberal Democrats got 12% of the votes, but 76 seats (~11% of all seats).

I guess every voting system has its drawbacks.

55 posted on 07/10/2024 11:05:19 AM PDT by Moltke (Reasoning with a liberal is like watering a rock in the hope to grow a building.)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Red Badger

See #55 and perhaps re-evaluate.


56 posted on 07/10/2024 11:16:29 AM PDT by Moltke (Reasoning with a liberal is like watering a rock in the hope to grow a building.)
[ Post Reply | Private Reply | To 10 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-56 last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson