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North Sea gas firms could pay windfall tax to help avoid energy crisis

Companies may be forced to hand over slice of record profits after UK gas prices increase ninefold

North Sea gas producers could face a windfall tax on the near-record profits they are likely to make from booming prices, in an effort to help protect households from the soaring costs of the energy crisis.

The government faces growing pressure to take urgent action to prevent a national energy crisis that could double home energy bills to £2,000 a year, including a multi-billion pound raid on North Sea gas earnings.

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