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Proceeding contribution from Lord Bruce of Bennachie (Liberal Democrat) in the House of Commons on Tuesday, 3 May 2011. It occurred during Debate on bill and Committee of the Whole House (HC) on Finance (No. 3) Bill.


Finance (No. 3) Bill

The fact that I am moving the amendment makes fairly clear what I think and what I am trying to do. What I am saying to the Government—[Interruption.] I accept that the Government have introduced a Budget that has made these changes. What I am trying to engage Ministers to do is to understand that the industry is complex and that Government decisions might lead it to a review of investment, which I am going to suggest could lose production, jobs and export opportunities. It is possible to retrieve the situation, however, if we have an active process of negotiation. Previous Governments have made the same mistake in the past and realised the need to engage with the industry.


Secondary information

Type
Proceeding contribution
Reference
527 c590 
Session
2010-12
Chamber / Committee
House of Commons chamber
Subjects
Banks Financial services Excise duties Fuels EU economic policy Exploration Economic growth Oil Pay Natural gas Public expenditure Prices Offshore industry Regulation Taxation VAT Tax yields North Sea oil Bank levy
Legislation
Finance (No. 3) Bill 2010-12
Link
View this Proceeding contribution on www.publications.parliament.uk