UK govt oil revenues fall 70% as price crash and decommissioning take effect

UK govt oil revenues fall 70% as price crash and decommissioning take effect

© Robert Perry/EPA-EFE/Shutterstock UK government revenues from oil and gas taxes have plummeted by more than 70% due to effects of the recent price crash and decommissioning repayments. Total government revenues from production were £248million in the 2020 financial year, down from £900m in the previous period, according to […]

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