Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if he will make an assessment of the potential impact of the energy profits levy on investor confidence in the North Sea energy sector.

The Energy Profits Levy is a temporary measure, the revenues from which will help to provide vital support for households facing cost of living pressures.

The government expects the combination of the Levy and its investment allowance to lead to an overall increase in investment.