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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.

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Government to 'slow the decline' of North Sea oil

Secretary of State for Energy and Climate Change Ed Davey has said the Government wants to 'slow that decline' in oil and gas coming from the North Sea.

Secretary of State for Energy and Climate Change Ed Davey. Credit: Danny Lawson/PA Wire/Press Association Images

Speaking to Radio 4's Today programme, he said: "We are making two announcements. First of all the Wood Review has been looking at how we can maximize the potential from the North Sea.

"Oil and gas has been falling in the North Sea by 40% in the last three years. We want to slow that decline so that we get more tax revenue and more jobs."

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