Rishi Sunak unveils £5bn windfall tax on oil and gas giants
UK chancellor Rishi Sunak has today confirmed a temporary windfall tax on the profits of oil and gas firms to help with the cost-of-living crisis.The one-off Energy Profits Levy will be charged on oil and gas company profits at a rate of 25%, and is expected to raise around £5bn in its first 12 months. The move comes amid surging commodity pric
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The Broadway Initiative has co-published a new report outlining how the UK can overcome barriers to private investment needed to fill an annual £5.6bn financing gap for nature recovery.