Chancellor Rachel Reeves has insisted maintaining the current tax regime on the North Sea is the "right" thing to do - despite concerns from the oil and gas sector that it is being taxed "to death".

Leading figures in the industry had been pushing the Chancellor to reform the energy profits levy - also known as the windfall tax - saying it is resulting in 1,000 job losses a month from the sector.

While Ms Reeves announced a replacement for the current tax regime, which will come in from 2030, her Budget on Wednesday maintained the charge at its current level - with Scottish Finance Secretary Shona Robison saying this was "one of the most disappointing parts of the Budget".

The Chancellor accepted that on oil and gas, her Budget statement "wasn't everything the industry wanted".

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