UK: EEEGR Comments on 2013 Budget

March 21, 2013

EEEGR has released a comment on the Budget, delivered yesterday by the Chancellor of the Exchequer to Parliament.

Simon Gray, CEO of EEEGR, comments: “Whilst we welcome the positive moves on taxation benefits for decommissioning there is not a great deal in this for some of our smaller members who desperately need help in the short term to sustain their businesses whilst we await clarity on energy strategy for Oil and gas, Nuclear and Offshore Wind in our region.”

The Budget announces:

Increasing capital spending plans by £3 billion a year from 2015-16, funded through reductions in current spending.
A reduction in Departmental spending of £1.1 billion in 2013-14 and £1.2 billion in 2014-5. The schools and health budgets remain unchanged.
Public sector pay awards will be limited to an average of up to 1 per cent in 2015-16.

[mappress]

Offshore WIND Staff, March 21, 2013