Irrespective of which party won the UK general election on 7 May, it was clear that the UK offshore industry was going to be hit: it was merely a matter of how hard the blow would land.

“All parties have committed to addressing tax evasion as a means of bringing in more revenue,” confirms Jason Romer, managing partner at Collas Crill. “It has proved a popular, if misguided, campaign pledge for the public vote.”