UK Business Chiefs Urge Government to Scrap Windfall Tax on Oil and Gas ...Middle East

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UK Business Chiefs Urge Government to Scrap Windfall Tax on Oil and Gas
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Chancellor Rachel Reeves should abolish windfall taxes on oil and gas producers in the North Sea, top industy bosses have said.  In a new report setting out UK businesses’ proposals for the Budget, the Chancellor has been urged to focus on cutting energy costs for firms and set out a clearer plan for the North Sea’s transition to supporting renewable energy.  The British Chambers of Commerce, one of the UK’s largest and most influential industry groups, said the energy profits levy hitting giants including BP and Shell…

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