Energy Transition

UK oil and gas companies expect government to agree windfall tax breather

Westminster could ease levy on oil and gas profits to take account of fall in commodity prices

Tax hike: UK Chancellor of the Exchequer Jeremy Hunt delivers his annual budget statement in the House of Commons earlier this month.
Tax hike: UK Chancellor of the Exchequer Jeremy Hunt delivers his annual budget statement in the House of Commons earlier this month.Photo: PRU/AFP/SCANPIX
London
Published 27 March 2023, 10:26Updated 29 March 2023, 11:38
UKUK North SeaOffshore Energies UK (OEUK)Jeremy HuntRishi Sunak