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Government urged to take action over North Sea jobs

The Government will be urged to take action to save jobs in the North Sea oil and gas industry during a House of Commons debate on the situation today.

Labour's shadow Scottish secretary Margaret Curran said the Scottish and UK Governments to "take the action that is needed".

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Ed Balls calls for support for North Sea oil industry

Shadow chancellor Ed Balls has written an article calling for the protection of the North Sea oil industry amid plummeting oil prices.

Writing in the Press and Journal ahead of a visit to Aberdeen with Scottish Labour leader Jim Murphy, he warned that the industry was "at a cross-roads" and called for a resilience fund for oil workers and tax incentives:

The oil industry is vital to the Scottish economy and nobody can doubt it needs support. There's nothing to stop the SNP Government in Edinburgh setting this up now. There's no time to waste ...

We need to see urgent action to improve the tax incentives for North Sea oil investment. And if George Osborne fails to act then I am clear that, after the general election in May, a UK Labour government will. Because failing to act will not only risk jobs and investment now, it will also cost the UK taxpayer in the long-term as we lose revenue from oil that gets left in the ground.

– ed balls, shadow chancellor

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