The independent commentary on British political affairs.
The independent commentary on British political affairs.
May 2008
Vol. 11, No. 11
A People's War: Brenda Boardman | The shadow over Brown's plan's to change the way we are governed: … More…
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The UK should count itself very lucky. Not only has its endowment of oil and gas ensured security of energy supply for decades, the industry currently provides employment for almost half a million people. Since exploration began on the UK continental shelf (UKCS), a total of £370bn has been injected into the economy to find and develop oil and gas reserves, and the Treasury has collected another £230bn in tax from the industry over the same period, which will be largely reinvested…
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