Oil legend Algy Cluff urges Osborne to think bigger on tax cuts for struggling sector

Energy entrepreneur Algy Cluff is urging George Osborne to make much more drastic tax cuts for North Sea oil and gas companies, including a ten-year tax holiday for new discoveries.

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George Osborne: should introduce a ten-year tax holiday for new discoveries, says Algy Cluff

Algy Cluff, the legendary natural resources entrepreneur, has warned that George Osborne's plans to offer tax concessions to North Sea oil and gas companies as they struggle to cope with the slump in oil prices do not go far enough.

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Kam Patel

Kam is a former deputy editor at Hemscott Invest and online editor, City A.M and he was also previously the Digital Editor at IFA Magazine. Kam is currently a senior journalist at The Global Treasurer and contributes to MoneyWeek. Kam shares expertise on the FTSE 100, investing and global stocks.