Question follow-through · 11877

Offshore Industry: North Sea

To ask the Chancellor of the Exchequer, whether she has made an assessment of the potential impact of the removal of the investment allowance on the amount of (a) oil and (b) gas extracted from the North Sea in the next five years.

answeredTreasury

About this written question

A written question asks a government minister for information in writing. Parliament publishes the question and any answer.

Answering body: Treasury
Tabled: 30 Oct 2024
Target answer date: 6 Nov 2024
Answer: 6 Nov 2024 · 7 calendar days after tabling

Elapsed calendar days describe the record timeline, not whether Parliament considers an answer on time.

More questions by this MP on Economy and business

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Shared topic keywords suggest a connection; they do not establish a follow-up.

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Recorded timeline

30 Oct 2024
Question tabled
To ask the Chancellor of the Exchequer, whether she has made an assessment of the potential impact of the removal of the investment allowance on the amount of (a) oil and (b) gas extracted from the North Sea in the next five years.
6 Nov 2024
Target answer date
Date supplied by the official written-questions record.
6 Nov 2024
Answer published
At Autumn Budget 2024 the government confirmed that from 1 November 2024, the Energy Profits Levy (EPL) rate would increase by 3 percentage points to 38%, the EPL investment allowance would be abolished and the EPL decarbonisation allowance rate would be ...

Open official record

Official data retrieved 27 Sept 2026.

Later records

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