Windfall tax 'under review' as energy companies rake in an extra £12bn

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Windfall tax 'under review' as energy companies rake in an extra £12bn
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🔴 George Eustice, the Environment Secretary, said energy firms were paying enough tax “for now” but said the matter would be kept “under review”

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Oil and gas companies are expected to reap nearly £12bn in extra profits amid the surge in energy prices following Russia's invasion of Ukraine as ministers refuse to rule out a windfall tax.

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Analysis: Why the case for a windfall tax on oil company profits is growing strongerAnalysis: Why the case for a windfall tax on oil company profits is growing strongerBP and others stand to benefit from high prices, even as they face large costs from exiting Russia, writes Ben Chapman
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