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Evening Standard
Evening Standard
Politics
Craig Paton

Scrap windfall tax and lift ban on new oil, leading business figures urge Reeves

Oil Ian Wood Martin Gilbert Rachel Reeves Aberdeen
The Chancellor has been urged to ‘act now’ (Jane Barlow/PA) - (PA Wire)

Two of the most respected businessmen in the north east of Scotland have urged Rachel Reeves to scrap the windfall tax and the ban on new oil and gas licences.

Martin Gilbert – the former head of Aberdeen Asset Management – and ex-Wood Group boss Sir Ian Wood released a joint statement on Friday ahead of the Chancellor’s Budget next week.

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