Cameron: 'We can afford' North Sea tax allowances

David Cameron has said that the UK can afford the "tax allowances, the investment, the long term structure" needed to recover as much as possible from the North Sea.

Read: Cameron to lay out plans to boost North Sea oil production

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PM promises North Sea cash if Scotland stays with UK

David Cameron and Alex Salmond have clashed over the future of Scotland's oil and gas industry as they held rival Cabinet meetings within a few miles of each other. The Prime Minister warned that leaving the UK would harm the key sector.