Daily Mirror

WILL GIANT SHELL OUT LESS?

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Oil giant Shell’s UK chairman yesterday warned its North Sea investment­s would be decided on a “case-by-case basis” after the windfall tax decision.

Shell unveiled plans earlier this year to invest up to £25billion in the UK over the next decade.

David Bunch told the CBI conference in Birmingham that the Budget tax hike was “challengin­g” and called for “modificati­ons”.

Shell was slammed after admitting it wouldn’t pay the existing UK windfall tax this year due to money already invested. Mr Bunch said: “We will pay hundreds of millions going forwards.”

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