06/07/2014 Reporting Scotland


06/07/2014

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The North Sea needs a new tax and regulation regime,

:00:14.:00:16.

An independent commission set up by the Scottish Government is

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recommending "fundamental change" to encourage new investment

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The commission is working on the basis that around 24 billion barrels

:00:24.:00:40.

of North Sea oil remain to be extracted. They see that as a major

:00:41.:00:46.

opportunity, but they warned the UK continental shelf is not as

:00:47.:00:49.

attractive and investment as it once was. We are at a tipping point and

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there are parts of the tax regime which would be appropriate going

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forward with some changes. But there are other parts where every are

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going to target accessing the more difficult oil, more expensive oil,

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we will have to modify and upgrade the tax regime. The Scottish

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Government has welcomed the report and has promised a stable tax regime

:01:13.:01:17.

in Scotland becomes independent. If you invest several billion dollars,

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you want to know that you're not going to be hit with southern tax

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raises. The tax regime in the UK has been characterised by a series of

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unheralded tax hikes, most recently from Danny Alexander in 2011, prop

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forward without any consultation. -- brought forward. That was a

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disaster. Opponents of independents say the best way to ensure

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stability, and meaty decommissioning costs, is within a larger economy.

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The strength of the UK means you can get the tax breaks necessary to get

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the oil out and critically, the UK Government has already agreed to

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meet half the costs of decommissioning, a massive bill of

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about ?30 million. The strength of the UK I would argue makes it far

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more likely and more possible that we can get the oil that is still out

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there. The industry body described the report as constructive and

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intelligent. Police have named a canoeist

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who went missing after his boat 29-year-old Darren Gilpin

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from Edinburgh was in a boat with a companion in

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the Killin area when it capsized. His companion made it to

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the shore and raised the alarm. Officers are continuing to patrol

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the shoreline. Team Scotland's competitors have had

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the chance to try on their new Combining tartan with

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a caramel-coloured hue and a blue shirt, they're set to

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make a real statement. Walking in style, there will be no

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mistaking Team Scotland when they parade round Celtic Park at the

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opening ceremony. Designed by Jill Blackwood, the uniforms are designed

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to make an impact and give a contemporary twist on the

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traditional tartan. The kilt undershirt severally, it is

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certainly I opening, but together, it works together. The Chiswell. It

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is different, but it is there to make a statement. In previous Games,

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the girls were the man's outfit. So, this time, we are actually in our

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own outfit. The leisure and competition range cuts a more

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conventional look, there are no -- and now that more than 300 athletes

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are kitted out, the Games seems that little bit more real.

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And continuing the build-up to the Games, hundreds of well-wishers

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lined the streets of towns and villages in the Stirling area

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More than 80 baton-bearers carried the baton through towns

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and villages including Aberfolye, Bannockburn and Stirling itself.

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One of today's bearers in Aberfolye was selected in recognition

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of his perseverance following a personal disaster.

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I was hit by a car just over three years ago, which amputated the lower

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part of my right leg. Since then, I had got back to doing all the sports

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I did before. And everyone thinks I am a very inspirational person for

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showing what I can still do rather than giving up. I take part in a lot

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of volunteering, I help with disabled charities. Just to show

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people what they can still do after such a traumatic event, rather than

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what we cannot do. And there is live streaming of the relay on the BBC

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website. Time for the weather outlook

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for tonight and tomorrow. It has been a beautiful day for many

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of us. But we have also been plagued by a few showers through the day.

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The showers may fade later, so dry night, just a few lingering along

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the West Coast. Tonight, temperatures dropping to seven or

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eight Celsius. Tomorrow, we are doing it all over again, more in the

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way of sunshine and showers once again. Starting off with showers

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along the West Coast, but most of us starting dry, then some sunshine.

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The showers gradually making inroads across much of the mainland into the

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afternoon. Some of them heavy, perhaps fundraiser. In between, some

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good spells of sunshine. -- perhaps thundery. Temperatures around 17 or

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18. There is more news and weather online. Our next bulletin is at

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10.45. Until then, have a good night.

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