Budget 2015: North Sea industries hoping for tax cuts

Wednesday's Budget could be the most important in the history of the North Sea oil and gas industry, a leading industry figure has said.

Sir Ian Wood, who was commissioned by the government to undertake a review of the whole sector, echoed calls for Chancellor George Osborne to take "really significant" action.

Mr Osborne is widely expected to announce a change in the North Sea tax regime on Wednesday.

Kamal Ahmed reports.