The Caithness Business Index has posted the following article:

Trade body welcomes Budget green light to tax change that will unlock investment

[IMG][/IMG] The Chancellor today announced a tax measure that will unlock further investment in the UK North Sea by enabling more assets to change hands and allow new owners to provide fresh investment in many mature oil and gas fields. Oil & Gas UK has been working constructively with HM Treasury for a number of years on measures to help further unlock asset trading in the UK North Sea and generate additional tax revenues. [Read Full Article]