Kate Forbes: Rachel Reeves Must Scrap and Replace the Windfall Tax

Forbes Calls for Windfall Tax to Be Replaced at the Coming Budget

Scotland’s Deputy First Minister has urged the Chancellor to scrap and replace the windfall tax on oil and gas at the next Budget. Rachel Reeves will lay out the UK Government’s tax and spending plans next month, but the energy profits levy – which levels a tax on the profits of oil and gas firms – is due to continue to 2030. But speaking at the SNP conference for the final time as an MSP, Kate Forbes urged the Chancellor to end the levy – which…

Kate Forbes calls on Reeves to scrap and replace windfall tax at next Budget

The Deputy First Minister Kate Forbes has urged the Chancellor to scrap and replace the windfall tax on oil and gas at the next Budget.

Forbes calls for windfall tax to be replaced at the coming Budget

The tax places a levy on the profits of oil and gas firms and is due to continue to 2030. Scotland’s Deputy First Minister has urged the Chancellor to scrap and replace the windfall tax on oil and gas at the next Budget. Rachel Reeves will lay out the UK Government’s tax and spending plans next month, but the energy profits levy – which levels a tax on the profits of oil and gas firms – is due to continue to 2030. But speaking at the SNP confere…

Kate Forbes: Rachel Reeves must scrap and replace the windfall tax

The deputy first minister has argued the economic and industrial case for Scottish independence when she spoke to the party faithful at SNP conference.