UK's £2.7 Trillion Debt Crisis; What It Means for North Sea Energy and Future Jobs

Wolfe Power Club is proud to be partnering with the Spectator Magazine to co-host their Energy Summit 2025 on November 24th. If you want to become a potential partner and have the last word on energy debates in 2025, please contact us.

With the future of the North Sea industry high on the agenda, we’re asking: Is it time for a fairer tax policy to protect growth and safeguard over 200,000 jobs?

In this week's episode our host Alex and Director of Government Relations Max Austin sit down with leading tax expert from the The TaxPayers'​ Alliance Darwin Friend to explore alternatives to the current Energy Profits Levy and what a smarter approach could look like.

Visit TaxPayers' Alliance website: https://www.taxpayersalliance.com/

Follow TaxPayers' Alliance on Twitter: https://x.com/the_tpa?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor

TaxPayers' Alliance's report into Britian's national debt: https://www.taxpayersalliance.com/analysis_britain_s_national_debt_has_risen_by_over_186_billion_since_labour_came_into_power

Darwin Friend returned to the TaxPayers’ Alliance in November 2023 and is responsible for leading the research team.

He was previously a researcher and policy analyst before working in propositions for a fintech firm. Before joining the TPA, Darwin spent a period working as a researcher for an MP.

He graduated in 2019 with a degree in Philosophy, Politics and Economics from the University of East Anglia.

Season Two is in Partnership with The Spectator

Join Alex and Michael Gove as they co-host The Spectator Energy Summit on Monday 24th November in Westminster. Book your tickets for the final word in energy debates in 2025: https://events.spectator.co.uk/#upcoming

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Wolfe Power Club Production Team

Account Manager: Emilia Donovan

Director of Government Relations: Max Austin

Designer: Nick Pelekanos

Editor: Adam Woodward

Social Media Manager: Bella Carter

Recorded at Studio 55 - that has produced Breaking the Taboo and The ABTO Podcast

Chapters

• 0:00 Introduction
• 3:06 TaxPayers' Alliance's Report into UK Debt
• 7:24 Energy Profits Levy and Jobs
• 15:10 The Ideal Tax Model for Growth?
• 18:14 BIG ANNOUNCEMENT
• 19:06 UK vs. the World on Tax
• 21:59 Renewables and Energy Costs
• 25:34 TaxPayers' Alliance Autumn Wishes
• 27:03 Ways to Get Involved
• 28:17 TaxPayers' Alliance on Working with Small Businesses
• 31:44 Quick-Fire Questions