UK chancellor confirms big hike in windfall tax for oil and gas profits

UK government to increase windfall tax to 35% for oil and gas profits

Grab; Chancellor of the Exchequer Jeremy Hunt making an autumn budget statement in the House of Commons — Grab; Chancellor of the Exchequer Jeremy Hunt making an autumn budget statement in the House of CommonsPhoto: AFP/SCANPIX

Gareth Chetwynd

UK Jeremy Hunt windfall tax North Sea Europe

Published 17 November 2022, 12:47Updated 17 November 2022, 12:55