Government to scrap windfall tax if energy prices drop
Briefly

Rishi Sunak's government has vowed to end the windfall tax on oil and gas companies if prices continue to fall, in a move branded premature while millions across Britain continue to struggle with the cost of living.Ministers said the tax has raised 2.8bn and will soon have saved a typical household 1,500 on their energy bills since it was imposed last May to fund support for consumers and businesses, as prices skyrocketed following the pandemic and Russia's invasion of Ukraine.
Read at www.independent.co.uk
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