- 4 updates
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 Scottish National Party (SNP) has called on Scottish Labout to back its proposals for alleviating pressure on the North Sea oil and gas industry.
Speaking ahead of a debate on the subject in the House of Commons, SNP Energy Minister Fergus Ewing said:
Scottish Labour is calling for a resilience fund to be made available for those whose livelihoods depend on the North Sea oil and gas industry.
It has also suggested reducing business rates on the sector as a temporary measure to "allow the business to stabilise or to mitigate the impact of large scale redundancies".
Labour's shadow Scottish secretary Margaret Curran accused both Westminster and Holyrood of inaction:
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.
The industry is facing the loss of jobs and future investment as a result of the plummeting price of oil on global markets.
North Sea oil and gas provides about 450,000 jobs, with a high concentration in Aberdeen where it supports more than half of all jobs.
Labour's shadow Scottish secretary Margaret Curran said this could be the biggest threat to Scottish jobs in more than 20 years and urged the Scottish and UK Governments to "take the action that is needed".