New UK windfall tax must deliver predictability: Wood Mackenzie

The oil and gas industry is nervously awaiting details of the UK's new windfall tax in October's budget amid concerns that expected changes could threaten jobs, new project development and industry value

Wood Mackenzie senior vice president Graham Kellas says the current fiscal regime does not allow for long term investment clarity. — Wood Mackenzie senior vice president Graham Kellas says the current fiscal regime does not allow for long term investment clarity.Photo: Woodmac

Rebecca Conan

Published 3 October 2024, 14:59Updated 3 October 2024, 14:59