Chancellor Rishi Sunak has reportedly told Treasury officials to examine plans for a windfall tax on energy companies to help ease the cost-of-living crisis.
Sunak was apparently ‘pragmatic’ about the idea of a levy on the soaring profits of oil and gas giants has reportedly told Treasury officials to examine plans for a windfall tax on energy companies to help ease the cost-of-living crisis.
He told the BBC: ‘What I want to see is significant investment back into the UK economy to support jobs, to support energy security, and I want to see that investment soon.BP chief executive Bernard Looney revealed that his firm’s investment plans would not be affected by a windfall tax Ministers have also been facing pressure after BP chief Bernard Looney said his firm’s investment plans would not be affected by a windfall tax – undermining the government’s position on the matter.
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