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    The Courier: Balls Attacks Chancellor’s North Sea "Radio Silence"

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Summary

The UK Shadow Chancellor Ed Balls has accused Chancellor George Osborne of misunderstanding the depth of the crisis facing the North Sea gas and oil sector

by: Erica Mills

Posted in:

Press Notes

The Courier: Balls Attacks Chancellor’s North Sea "Radio Silence"

The Treasury is "playing a dangerous game" with its "radio silence" on tax changes in the North Sea oil and gas industry, the shadow chancellor Ed Balls has warned.

He said the Chancellor has failed to "understand the urgency of the situation" facing the stricken industry, which is braced for further job losses against a backdrop of falling oil prices.

Industry body Oil and Gas UK has called for urgent tax cuts, and at a summit in Aberdeen at the start of this month, the UK Government said it was working with the sector as a matter of urgency.

Read the full article HERE.