George Osborne's Raid On North Sea Oil Revenues Could Cost 10,000 Jobs

In his budget in March George Osborne raised supplementary tax on Oil and Gas production from 20% to 32%. Osborne's tax raid could cost 10,000 jobs.The extra 2 Billion pounds a year comes on top of the 11 Billion he already expects to take this year in revenues. Alex Salmond has spoken out against what he calls this smash and grab raid on Scottish resources. This Blog agrees with Mr Salmond. Mr Osborne should seriously think again.

http://www.bbc.co.uk/news/uk-scotland-13498678