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Future of British Business

UK Could Still Foist Windfall Tax on Electricity Firms’ Booming Profit

  • Government announced levy on oil and gas companies on Thursday
  • A tax on generators remains ‘firmly on the table,’ Citi says
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Windfall Taxes Will Raise Price of Crude, Analyst Sen Says
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A windfall tax on electricity generators making “extraordinary profits” is still an option, UK Chancellor of the Exchequer Rishi Sunak said Thursday after slapping a similar levy on oil and gas companies.