The 2016 budget, delivered on Wednesday, contains significant tax breaks for the UK’s North Sea oil and gas industry, with George Osborne having halved the supplementary corporation tax paid by oil and gas companies, and abolished the petroleum revenue tax. The budget also included significant investments in infrastructure projects for the North of England, with £700 million to be spent on improving flood defences, and £140 million going towards developing plans for the HS3 and Crossrail 2 railways. Osborne also announced a report examining whether maths should be compulsorily taught until the age of 18.
