This report examines the impact of fiscal policy on investment, production and competitiveness across the UK Continental Shelf (UKCS).
It highlights how recent tax changes and fiscal uncertainty are influencing investor sentiment and project viability, with consequences for future energy supply, economic contribution and the UK’s transition goals. Drawing on industry data and operator feedback, the report outlines the importance of long-term fiscal predictability in unlocking capital investment and safeguarding the offshore energy supply chain.
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