Reuters UK | Britain cuts taxes for North Sea oil producers Reuters UK LONDON Chancellor George Osborne said he would cut taxes for energy companies pumping oil from the country's North Sea fields, in a boost for the industry which is suffering from the impact of low crude prices. "We need to act now for the long time... Budget 2016: Swinney warns Osborne over oil and gas sector Chancellor cuts North Sea taxes Budget 2016: Oil and gas industry at risk if Osborne fails to act, says Swinney |