Reports: Sunak orders plan for windfall tax on power companies and oil and gas producers

Cecilia Keating
clock • 4 min read
Chancellor Rishi Sunak visits a petrol station after annoucing a freeze in fuel duty | Credit: Treasury, Flickr
Image:

Chancellor Rishi Sunak visits a petrol station after annoucing a freeze in fuel duty | Credit: Treasury, Flickr

Propposed levy set to extend beyond oil and gas firms and include a tax on the earnings of electricity generators benefitting from soaring prices, according to government insiders

The Chancellor has ordered Treasury officials to draw up proposals for a windfall tax on the excess profits of oil and gas companies, according to a report that suggests the government is gearing up for...

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