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
Published 27 March 2023, 10:26Updated 29 March 2023, 11:38