The Guardian | Oil price plunge 'will lead to £1bn burden on taxpayers' The Guardian New forecasts from the Office of Budget Responsibility (OBR) show oil companies that were providing £11bn of tax revenues as recently as 2012 will contribute zero in 2015-16, moving to minus £1.1bn in 2016-17 - a loss that will be repeated annually ... UK Offers Respite to Oil Producers by Scrapping Petroleum Revenue Tax |