UK oil and gas receipts forecast is cut

OBR revises down revenue estimates by nearly $800m a year

Spring statement: UK Chancellor of the Exchequer Philip Hammond — Spring statement: UK Chancellor of the Exchequer Philip HammondPhoto: TOLGA AKMEN

Rob Watts

Published 13 March 2019, 17:16Updated 13 March 2019, 17:28

Philip Hammond UK North Sea Western Europe