Quintin Jardine's blog

My budget wish list yesterday was headed, and finished, by a windfall tax in oil companies. It was granted, but I’m no happier than I was 24 hours ago. It didn’t go far enough. Moreover George seems to have taken the easy way out by taking the money from North Sea extraction. Experts can judge whether this is sensible with production in decline and investment required on West of Shetland production. I’d been hoping for a bigger levy, that hit every one of thee profiteers where it hurts most, right in the bonuses.