North Sea Oil and Gas Producers: Investment Allowances Debate
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Christine Jardine
Main Page: Christine Jardine (Liberal Democrat - Edinburgh West)Department Debates - View all Christine Jardine's debates with the HM Treasury
North Sea Oil and Gas Producers: Investment Allowances
Christine Jardine Excerpts(2 years, 5 months ago)
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Lucy Frazer
As the hon. Gentleman will know, a consultation is ongoing, and the Government will be responding to it in due course. I am sure that he will read the report of our response with some interest.
Christine Jardine (Edinburgh West) (LD)
The Institute for Fiscal Studies—which, I am sure, understands the policy—has been critical of it, saying that the windfall tax is too generous and that
“It is hard to see why the government should provide such huge tax subsidies and thereby incentivise even economically unviable projects.”
Why are the Government providing incentives for projects of that sort rather than raising the money that would help out desperate families, and help them to feed their children?