UK government raids oil and gas producers with windfall tax to help ease cost-of-living crisis
Industry brands imposition of ‘temporary targeted energy profits levy’ on North Sea operators a 'backwards step' that will hurt investment for years to come
‘Targeted levy’: UK Chancellor of the Exchequer Rishi Sunak makes a statement on the cost of living crisis in the House of Commons, unveiling a support package for consumers hit by soaring energy bills, with help from a controversial windfall tax on oil giantsPhoto: AFP/SCANPIX
