Interesting blog by OCI outlining the tax breaks awarded to the UK oil industry in the 2015 Budget

The blog argues that:

Over recent months, the UK oil industry has waged an all-out lobbying war for more tax breaks. They complain that they are suffering from the fall in oil prices, and they need help from the government if they are to survive. So in tomorrow’s Budget, Chancellor George Osborne has indicated there will be some oily handouts.

In austerity Britain, there are plenty of people who are genuinely suffering. But oil corporations are not – as new research by Oil Change International and Platform shows.

Oil companies demanded tax breaks in UK Budget, despite their eye-watering profit levels – OCI/Plaform analysis.

Source: UK Budget: More Corporate Welfare for Oil – Oil Change InternationalOil Change International