© 2020 – 2023 AEA3 WEB | AEAƎ United Kingdom News
AEA3 WEB | AEAƎ United Kingdom News
News

Rishi Sunak: windfall tax an option if oil firms fail to invest in UK

Chancellor says he is ‘pragmatic’ about introducing a levy on energy companies to ease cost of living crisis

Rishi Sunak has insisted he is “pragmatic” about the idea of a windfall tax on energy companies, claiming “no options are off the table” in the clearest sign yet that the government is planning measures to tackle the cost of living crisis.

Labour has been calling for a windfall tax on oil firms, which have benefited from rocketing global prices, with the shadow chancellor, Rachel Reeves, suggesting the proceeds be used to cut domestic energy bills.

Continue reading…

Related posts

Friday briefing: Fuel shortages add to winter woes

AEA3

South Africa: 14 dead after gunmen open fire at bar in Soweto township

AEA3

Afghanistan live news: Biden confirms end of 20-year US military presence as Taliban celebrate in Kabul

AEA3

Pin It on Pinterest

Share This