Recently increase in supplementary taxes resulting in some fields paying 81% tax.
I have a horrible feeling that large multi-nationals will simply start investing elsewhere in more stable fiscal regimes - to the detriment of the UK being able to benefit from some pretty challenging fields which may currently be going through investment analysis stage.
All to spare the UK consumer from £0.01 per litre of fuel....sadly same consumers who may wonder how much of the £6.50 per gallon of diesel goes as tax...
US cousins upset as they are currently paying just over $4 per USG....
