Rishi Sunak will put Britain's energy security at risk if he imposes a windfall tax on oil companies, the head of BP has warned as the country battles soaring fuel prices
Rishi Sunak will put Britain's energy security at risk if he imposes a windfall tax on oil companies, the head of BP has warned as the country battles soaring fuel prices.
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Sunak prepares new support package for UK households\n\t\t\tJournalists in 50+ countries follow the constant flow of money made and lost in oil & gas while\n\t\t\ttracking emerging trends and opportunities in the future of energy. Don’t miss our exclusive\n\t\t\tnewsletter, Energy Source.\n\t\t
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Exclusive: Scottish Tory MPs Are Urging Rishi Sunak Not To Introduce A Windfall TaxThe chancellor has been warned that North Sea jobs will be lost if he brings in a one-off levy on oil companies’ profits.
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Comment: Johnson and Sunak must be on the same side to fix the economyThe economic news is worse than expected. The economy shrank by 0.1 per cent in March, as hard-stretched consumers began reining in their spending. Ominously, the contraction came before April’s 54 per cent increase in the energy price cap and May’s interest rate rise.
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'No option is off the table' when considering windfall tax on oil and gas firms, Rishi Sunak saysSome senior politicians have expressed concern that a windfall tax could deter oil and gas firms from investing in the UK, but some of these firms, such as BP, have said it would make no difference.
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Exclusive: Scottish Tory MPs Are Urging Rishi Sunak Not To Introduce A Windfall TaxThe chancellor has been warned that North Sea jobs will be lost if he brings in a one-off levy on oil companies’ profits.
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Boris Johnson refuses to rule out windfall tax on energy giantsThe Prime Minister is coming under growing pressure to impose a windfall tax to pay for measures to ease the cost-of-living crisis
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