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UK oil sector seen shedding 15,000 jobs in months

Consultant calls for lowering effective tax rate to 40% to encourage companies to continue investing

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Workers relying on the UK offshore oil and gas industry may see 15,000 jobs vanish in months as North Sea explorers cut investment plans on weaker prices.

London

WORKERS relying on the UK offshore oil and gas industry may see 15,000 jobs vanish in months as North Sea explorers cut investment plans on weaker prices, according to Ian Wood, author of a state-backed review of the business.

While government proposals to lower effective

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