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“For as it stands, the official forecasters say incomes after inflation, living standards, are set to be only 1% higher at the end of the decade than at the start.”

“Whatever happens with Rosebank and Jackdaw, the long-term trend for the industry is clear and it is one of decline.”

“But it has arguably become the extinction capital of the world, losing roughly four species every decade - and the decline is only worsening.”