British Chancellor Rishi Sunak announces a 25% levy, a so-called windfall tax, on the profits of energy companies in order to help fund emergency economic support
British Chancellor Rishi Sunak announces a 25% levy, a so-called windfall tax, on the profits of energy companies in order to help fund emergency economic support amid a cost of living crisis in the UK. The extra support includes increased welfare payments for low-income households, disabled people and pensioners, as well as a universal grant of £400 towards energy bills.
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British Chancellor Rishi Sunak announces a 25% levy, a so-called windfall tax, on the profits of energy companies in order to help fund emergency economic support amid a cost of living crisis in the UK. The extra support includes increased welfare payments for low-income households, disabled people and pensioners, as well as a universal grant of £400 towards energy bills.