UK PM rules out windfall tax to fund energy price freeze ...Middle East

LONDON: Liz Truss on Wednesday faced her first parliamentary grilling as British Prime Minister, ruling out a windfall tax to fund any freeze on energy bills to offset huge rises in the cost of gas and electricity.Truss, who formally took over from Boris Johnson on Tuesday, said she would spell out her plans on Thursday for an economic support package to forestall a growing crisis in the months ahead.She is preparing measures reportedly worth upwards of £130 billion ($150 billion) to freeze energy bills for hard-pressed households and businesses, many of whom risk going to the wall this winter.But when asked by opposition Labour leader Keir Starmer if this would be funded by a windfall tax o

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UK PM rules out windfall tax to fund energy price freeze ...Middle East

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