'A sticking plaster': The green economy reacts to Energy Profits Levy and household bills support

BusinessGreen staff
clock • 15 min read
Credit: iStock
Image:

Credit: iStock

Green business figures, campaigners, politicians, academics and energy experts give their verdict on the government's windfall tax U-turn

The Chancellor this afternoon caved to weeks of political pressure for a windfall tax and announced a temporary levy on oil and gas company record profits in order to raise an estimated £5bn annually for...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Taxation

Green levy reforms to cut energy price cap by £138 from April

Green levy reforms to cut energy price cap by £138 from April

Cornwall Insight analysis predicts measures in Autumn Budget to slash energy price cap by eight per cent

Stuart Stone
clock 05 January 2026 • 4 min read
CBAM: EU's carbon border levy enters into force

CBAM: EU's carbon border levy enters into force

Flagship levies on carbon intensive materials imported from outside the EU entered into force on 1 January

Stuart Stone
clock 02 January 2026 • 4 min read
CBAM: EU seeks to extend carbon border levy to additional products

CBAM: EU seeks to extend carbon border levy to additional products

European Commission proposes reforms to CBAM that would see a further 180 imported steel and aluminium products impacted by the levy

Michael Holder
clock 17 December 2025 • 7 min read