That the Parliament calls on the Chancellor of the Exchequer, Rachel Reeves, to announce the abolition of the Energy Profits Levy in her Spring Statement on 3 March 2026; notes that the levy, which was introduced by the Conservative UK administration in 2022, was subsequently increased by the current Labour UK administration in the Chancellor’s first Autumn Budget in 2024, and extended until 2030; further notes that the Chancellor did not take the opportunity to end the levy in the 2025 Autumn Budget, despite numerous calls for her to do so from energy industry leaders; believes that the levy is harming jobs in Aberdeen and the wider north east today as well as deterring investment in renewables projects that should be powering the transition to net zero, and hopes that the current UK Government will reconsider its views and change what it sees as its disastrous energy policies, before it is too late.
Supported by: Keith Brown, Jackie Dunbar, Annabelle Ewing, Kenneth Gibson, Bill Kidd, Paul McLennan, Marie McNair, Audrey Nicoll, Evelyn Tweed, Elena Whitham