Cameron must help oil in­dus­try

COM­MENT NEWS: Firms set for Huhne meet­ing– Page 13

Evening Express (Extra Edition) - - FRONT PAGE -

THE shock­waves sent through the oil in­dus­try by Ge­orge Os­borne’s sur­prise £2 bil­lion a year tax grab are clearly hav­ing a dam­ag­ing im­pact. Al­ready one Nor­we­gian firm has can­celled £6bn in in­vest­ment and there are also real fears for jobs. There is now an air of un­cer­tainty in what should be a bedrock for our econ­omy, both here in the North-east and at a na­tional level. Against that back­ground, Prime Min­is­ter David Cameron has no choice but to step in and help re­pair the harm done. He needs to find ways to re­as­sure oil firms and en­sure they don’t take this ill-thought out pol­icy as a sig­nal to aban­don the North-east.

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