Extract from second reading debate on the Finance (No 2) Bill - Apr 17

Neale Hanvey (Kirkcaldy and Cowdenbeath) (Alba): The amendment in my name sought to address the failure of the Bill to bring in tax measures to ensure the continuation of oil and gas activity in Scotland, including at Grangemouth oil refinery. Almost 90% of levy revenue comes from Scotland, but there is precious little by way of investment in that part of the economy. A good example of that is the UK Government's denial of £80 million to save Grangemouth, while at the same time signing a loan guarantee of £600 million for Ineos  for activity in Antwerp and Belgium. According to the response to a written question from my hon. Friend the Member for East Lothian (Kenny MacAskill), the UK Government have not even assessed the potential supply of that activity...