So what do ABers think of the Boy Georges new tax breaks?

[youngmafbog]

http://news.sky.com/s...as-industry-announced

[sir.prize]

Remember what happened last time we had major investment in the North Sea Oilfields?

No doubt another Georgy Porgy scam to rob the country.

[LazyGun]

Well, it seems the industry welcome it :)

In an age of austerity, and from an economic perspective, one can only hope that the treasury have got their sums right - that giving up 100M a year will bring in greater revenues down the line - otherwise it will be an example of joe public subsidising the profits of big business.

The only other concern I would have would be the adopting of potentially very risky extraction procedures in all but exhausted oil fields, leading to a calamitous oil leak like the one that happened recently in the Gulf of Mexico...

[rojash]

I'd ask this poster if I were you - he seems to be under the impression that the private sector is being taxed out of existence:

http://www.theanswerb.../Question1168320.html