Why energy companies are making so much profit despite UK windfall taxes: The UK has increased its windfall tax on profits from oil and gas extraction. CloudVisual/Shutterstock Russia’s invasion of Ukraine last year caused oil and gas prices to surge, triggering a cost of living crisis in many countries, including the UK. To pay for …
UK energy windfall tax: what it is and why it needs to change: Oil rigs, Cromarty Firth in Invergordon, Scotland. James Jones Jr / Shutterstock The UK government has increased its 25% levy on oil and gas companies – the UK energy profits levy – to 35% from January 2023 as part of its November …
Rishi Sunak’s £15 billion cost-of-living package and windfall tax: four experts respond: Rishi Sunak, the UK chancellor of the exchequer, has unveiled a £15 billion package of measures to help households with the cost of living, after energy watchdog Ofgem announced it would probably be increasing the price cap on energy bills by over £800 …
South Africa in the news: Rugby’s burning questions: Pacific cash windfall, Lions tour, Barrett v Mo’unga: The Super Rugby expansion into the Pacific is a step closer to reality, thanks to some World Rugby assistance, the Lions tour to South Africa is back on and, well, the Crusaders keep on keeping on in …: “South …