Only a few days to go: We’re raising £25,000 to keep TheyWorkForYou running and make sure people across the UK can hold their elected representatives to account.Donate to our crowdfunder
(2) The report referred to in subsection (1) above must in particular examine—
(a) the estimated total loss of tax revenue to the Treasury in the next 10 financial years;
(b) the impact on onshore oil and gas exploration and field development in the next 10 years; and
(c) the differential impact on individual shale fields.
(3) The Chancellor of the Exchequer must publish the report of the review and lay the report before the House.’.
There has been a broad debate today, from being balanced in areas where there is a lot of agreement, to a certain lack of clarity for Opposition Members as to exactly what impact assessments have been made on clause 65. Therefore, we will press our amendment to a Division. It is in the interest of the Government, the Opposition and particularly the public that we have a proper assessment of the impact of clause 65.