Politians and union bosses have hit out at Chancellor Rishi Sunak’s Job Retention Bonus scheme, with some claiming it does “little to nothing” to affect growing North Sea job losses.
Chancellor Rishi Sunak
A £3 billion green package with grants for homeowners and public buildings to improve energy efficiency will be unveiled by Rishi Sunak as part of his coronavirus economic strategy.
A number of prominent north-east politicians have called for the UK Government to fast-track a long awaited oil and gas sector deal following a new report by representative body Oil and Gas UK (OGUK) that claimed the industry could see tens of thousands of job losses due to Covid-19.
Offshore union RMT has claimed the government is “ignoring” oil and gas workers during the “national crisis” of the coronavirus outbreak, and written to the Chancellor for action.
A leading analyst has described it as “disappointing” that the Chancellor that put a vital net zero technology lower down his list of priorities than repairing potholes.
The oil price freefall means projections for the UK’s North Sea revenues are already out of date before the Budget is even published, according to a leading analyst.