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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.
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:
Every day without action from the UK Government risks further damage to the oil and gas industry. Businesses and oil workers in the North Sea do not need to wait for another review, they need action now.
Labour must give their full support to the immediate reduction in the supplementary charge and support an exploration tax credit that would secure a strong future for the North Sea.
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:
We need the UK Government to come forward with their long term plan for the industry to provide operators with some certainty, and we need the Scottish Government to set up a Resilience Fund so that Aberdeen and the surrounding areas do not have to bear the brunt of losses in the industry.