Oil and gas industry warns UK ministers against new ‘windfall tax’ – The National

Oil and gas industry warns UK ministers against new ‘windfall tax’ – The National

UK gas and oil industry’s trade body has warned the UK government against a new windfall tax on companies, saying it would put investment and jobs at risk.

Prime Minister Boris Johnson has come under pressure to ease the cost-of-living crisis by issuing a one-off levy on energy companies that have gained from high oil and gas prices.

The government plans to use the revenue to help households struggling with bills.