Peter Aldous calls on the Prime Minister for more Government support for the North Sea oil and gas industry

27th January 2016

Peter Aldous raises the challenges facing the North Sea oil and gas industry directly with the Prime Minister and calls for more Government support.

Peter Aldous: I echo the Prime Minister’s sentiments regarding Holocaust Memorial Day. We must never forget.

The North sea oil and gas industry, on which many people in my Waveney constituency are dependent for their livelihoods, is facing very serious challenges at the current time. The Government have taken steps to address the situation, but more is required if the industry is first to survive, and then to thrive. Will my right hon. Friend assure me that he recognises the seriousness of the situation, and will he do all he can to get the industry through these very difficult times?

The Prime Minister: My hon. Friend is absolutely right to raise this. I do recognise the seriousness of the situation. The oil price decline is the longest in 20 years and nearly the steepest, and this causes real difficulties for the North sea. We can see the effects in the east of England, of course across Scotland, particularly in Aberdeen, and in other parts of our country, too. 

We discussed this at Cabinet yesterday. I am determined that we build a bridge to the future for all those involved in the North sea. We are going to help the sector export its world-class expertise. We are going to help such economies diversify. We announced £1.3 billion of support last year for the North sea. We are implementing the Wood review. I will be going to Aberdeen tomorrow, where we will be saying more about what we can do to help this vital industry at this vital time.

| Hansard

Surgeries

Peter holds regular surgeries at various locations in the constituency. Please call 01502 586568 to make an appointment.

 

Get Lowestoft Moving Campaign

 

A47 Alliance

Suppor the A47 Alliance

Download the report...

A47 Gateway to Growth

Your Local Councillors

Enter your Postcode below for details of all your elected representatives:

  

Lowestoft Transport Prospectus

Constituency Map

View Waveney in a larger map