Oil and Gas Fields

Part of Oral Answers to Questions — Scotland – in the House of Commons am 11:30 am ar 6 Mai 2009.

Danfonwch hysbysiad imi am ddadleuon fel hyn

Photo of Robert Smith Robert Smith Shadow Deputy Leader of the House of Commons, Opposition Whip (Commons) 11:30, 6 Mai 2009

I thank the Secretary of State for his answers so far, but does he recognise that the impact of that field allowance is limited to only very specific marginal fields? The crisis facing the North sea is much bigger now, given the credit crunch and the banking crisis. Will he work with the Chancellor to see whether more can be done to bring forward tax reliefs that will allow new entrants to explore up front during this credit crisis and so that the Government ease the industry's cash flow?