Look at "UK oil & gas receipts" in the OBR's "Major receipts as a per cent of GDP" table #Budget2017pic.twitter.com/WpUOfF6y7s
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I just wrote about this issue if you are interested and why we need to get rid of gas ASAP.https://heatpolicy.wordpress.com/2017/03/08/reducing-gas-demand-must-be-central-to-the-uk-industrial-strategy/ …
Wow. Striking new HMRC chart showing the plunging tax take from UK oil & gas production https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/585332/Statistics_of_government_revenues_from_UK_oil_and_gas_production_January_2017.pdf … (via @ukheatpolicy)pic.twitter.com/AJdD5WoP8N
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There's a reduced tax take as the rate of tax was reduced to support the sector which has been struggling due to reduced output + low prices
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thank goodness for fracking, then, hmmm?
Thanks. Twitter will use this to make your timeline better. UndoUndo
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@davidwatson__ @ukheatpolicy By 2030 it looks like we will import 90% of around 600 TWh/annum gas, mostly for heat - scary -
Yes, UK also a net oil importer. Fossil fuels have had their day in the UK.
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