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Oil platforms standing in the Cromarty Firth near Invergordon in the Highlands of Scotland, February 2016
FIRST MINISTER Humza Yousaf branded Labour a “wolf in a red rosette” today as he took the side of oil and gas executives in slamming the party’s tax plans.
Labour leader Sir Keir Starmer’s intention to raise the windfall tax on “excess profits” in the fossil fuel industry from 75 per cent to 78 per cent, extend the tax until 2029 and raise an estimated £10.8 billion for “green spending” has already been heavily criticised by the oil and gas industry bosses, who claim it could cost as many as 40,000 jobs.
In a campaign speech today in Britain’s fossil fuel capital Aberdeen, Mr Yousaf lent the oil and gas executives his support, rounding on what he called “Labour’s aggressive tax plans.”
As fossil fuels have had their day, JOSIE MIZEN makes it clear that it is now the government’s responsibility to initiate the transition to alternative employment in a manner that is organised, efficient and effective
