Chief Secretary to the Treasury Danny Alexander and Exchequer Secretary Priti Patel announced the consultation at a meeting with industry in Edinburgh on Thursday afternoon.
“We are fast-tracking consultation on an investment allowance, which industry has told us will incentivise investment opportunities in new and existing fields across the North Sea,” Alexander said.
Alexander said the government planned to take action in the Budget “to support this hugely valuable sector” including the allowance which he first proposed
