UK government announces tweak to Energy Profits Levy

Tax will reduce to 40% if average oil and gas prices fall to historically normal levels

All smiles: UK Prime Minister Rishi Sunak (left) and Gareth Davies, Exchequer Secretary to the Treasury. — All smiles: UK Prime Minister Rishi Sunak (left) and Gareth Davies, Exchequer Secretary to the Treasury.Photo: UK CONSERVATIVES

Russell Searancke

Oslo

UK Europe Western Europe

Published 9 June 2023, 07:48Updated 9 June 2023, 14:26