In a statement, the Treasury said the windfall tax – called the Energy Profits Levy – will end if average oil and gas prices fall to, or below, a set level for two consecutive three-month periods. If not, the tax will remain in place until March 2028.
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Record mortgage borrowing as owners move or improve
admin, , Business, 0
House hunters, particularly first-time buyers, might be helped in their quest to have enough for a deposit by families...
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David Cameron denies lobbying for genetics firm Illumina
admin, , Business, 0
In the letter, seen by the Times, Mr Cameron wrote to Mr Hancock: “I understand Jay has sent...
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Asda says some shoppers asking cashiers to stop at £30
admin, , Business, 0
“I would say the most important priority in the short term is to kill inflation, because once inflation gets...
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Smart motorways: How safe are they?
admin, , Business, 0
The technology behind England’s smart motorway network stops working on a regular basis, the BBC has discovered. Figures obtained...
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Opioid crisis: US drug giants reach $26bn settlement
admin, , Business, 0
McKesson, Cardinal Health and AmerisourceBergen were accused of ignoring shipments of painkillers being diverted to illegal channels, while J&J...
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Rishi Sunak: Why should I care what he says?
admin, , Business, 0
It’s about more than just tweaking numbers. It’ll give us some idea of who might get a pay cut,...
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UK’s largest retailers warn Budget will lead to job cuts
admin, , Business, 0
High Street job losses are “inevitable”, prices will rise, and shops will close as the result of the tax...
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Why do companies get involved in social issues?
admin, , Business, 0
“After the reversal of Roe v Wade several weeks ago, we have recognised the need to become even more...
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