‘Put-off’ investors and shelved projects: The view from London on the North Sea windfall tax

City of London analysts have given their verdicts on the impact of the government’s windfall tax on North Sea oil and gas producers.

Last month Rishi Sunak imposed a 25% increase on taxable profits to a 65% total, but at the same time increased investment incentives to 91 pence on every pound spent.

Headlines on the levy this week have outlined the “deep concern” of independents like Harbour Energy (LON: