Question to the HM Treasury:

To ask His Majesty's Government what assessment they have made of the likely impact of their proposed increase in the windfall tax on the UK’s energy security.

A key outcome of the government’s clean energy mission will be greater energy security and independence. The government recognises that oil and gas production in the North Sea will continue to play a role in our energy mix for decades to come. The government will achieve a phased and responsible transition by taking a proportionate approach that ensures the oil and gas sector continues to play a role whilst contributing more towards our clean energy transition.