Published 2 years ago

British power firms' shares slide after windfall tax report

Summary by Ground News

Britain's finance minister Rishi Sunak has ordered officials to draw up plans for a possible windfall tax. Sunak and UK Prime Minister Boris Johnson urgently want to set out measures to address rising energy bills. An announcement could come this week or after the Jubilee bank holiday.

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The Guardian

Rishi Sunak reportedly considering windfall tax on electricity generators

Levy could be extended beyond oil and gas producers to help households in cost of living crisis

2 years ago·London, United Kingdom

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Reuters

British power firms' shares slide after windfall tax report

Shares of British power generating firms plunged on Tuesday after a news report that Britain had ordered plans be drawn up for a possible windfall tax on more than 10 billion pounds ($12.6 billion) of excess profits made by the companies.

2 years ago·United Kingdom

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Energy Voice

Reports - Ministers could include electricity generators in windfall tax plans

Westminster could be poised to hit electricity generators with a windfall tax, in addition to North Sea oil and gas firms.The post Reports – Ministers could include electricity generators in windfall tax plans appeared first on Energy Voice.

2 years ago·United Kingdom

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