Explained in plain English

Who profits most?

When North Sea oil is extracted, the companies doing the drilling make money from selling it. The UK government also profits through taxes and licensing fees, which can then be used for public services. Donald Trump's comments suggest he believes opening up more North Sea oil will increase these profits, bringing greater wealth to the UK.

Stories that explain this

Trump says new PM Andy Burnham will end UK 'poverty disaster'

Questions this opens up

How much tax is paid? Who are the big companies? What are windfall taxes?

Related explainers

What are exploration licences? What is North Sea oil? Who owns North Sea oil? Why does Trump care? How does AI boost profits? What are bank profits? How do bank profits affect me? Why are BP's profits important?

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