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North Sea oil: UK considers sweeping tax breaks to revive flagging industry

North Sea oil: UK considers sweeping tax breaks to revive flagging industry | ESRC press coverage | Scoop.it

Britain is considering granting the North Sea oil industry a range of tax breaks in a bid to revive the flagging sector amid oil price plunges and diminishing production.

ESRC's insight:

The article cites data from the ESRC-funded National Institute of Economic and Social Research (NIESR).

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Low oil prices are burying all hope of future Scottish independence

Low oil prices are burying all hope of future Scottish independence | ESRC press coverage | Scoop.it
The falling oil price will deal a body blow to North Sea oil revenues. If Scotland had voted for independence, it would be in as deep a fix as Vladimir Putin's Russia
ESRC's insight:

Article mentions analysis from the Institute for Fiscal Studies, which receives ESRC funding.

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Scottish Independence: North Sea Oil Investments Hit Ahead of Referendum

Scottish Independence: North Sea Oil Investments Hit Ahead of Referendum | ESRC press coverage | Scoop.it
SNP's Alex Salmond has continually promised bumper oil revenues will buoy up an independent Scotland.
ESRC's insight:

The article discusses findings of the National Institute of Economic and Social Research, which receives ESRC funding.

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How much oil and gas does Scotland have?

How much oil and gas does Scotland have? | ESRC press coverage | Scoop.it
How much oil and gas does Scotland have?
ESRC's insight:

The article features are warning from the Institute of Fiscal Studies (IFS). The IFS receives funding from the ESRC.

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Plummeting oil price stirs troubled waters

A barrel of Brent crude is worth little more than half what it was six months ago and economists such as Professor Brian Ashcroft are saying that this has ruined the economics of independence.

ESRC's insight:

The article cites reports for the ESRC-funded Institute for Fiscal Studies.

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UK oil forecasts 'pessimistic'

UK oil forecasts 'pessimistic' | ESRC press coverage | Scoop.it

North Sea oil forecasts by the UK Government's budget watchdog are "ludicrously pessimistic" compared with the oil industry's "plausible" high-end projection, according to academics.

ESRC's insight:

Article cites the ESRC-funded Institute of Fiscal Studies

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Scotland could miss out on North Sea's potential

Scotland could miss out on North Sea's potential | ESRC press coverage | Scoop.it
AN INDEPENDENT Scotland could fail to cash in on the full economic potential of the North Sea, Danny Alexander has warned, as the UK Government today launches a review of its oil tax regime.
ESRC's insight:

The article quotes a senior economist at the ESRC-funded Institute for Fiscal Studies.

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