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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Winter fuel cut to put 50,000 into poverty next year
admin, , Business, 0
An additional 50,000 pensioners will be living in relative poverty next year as a result of cuts to the...
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Plans for supermarket price cap on basic food
admin, , Business, 0
“This will not make a jot of difference to prices. High food prices are a direct result of the...
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World Cup final: Pubs call for relaxed alcohol laws on Sunday
admin, , Business, 0
Emma McClarkin, its boss, said: “As England enter their first World Cup Final since 1966, we need the government...
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Audit reforms aim to prevent accounting scandals
admin, , Business, 0
Meanwhile, rules for small businesses will be relaxed as the government said they could be “forcing too many of...
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Supermarkets not passing on lower fuel price – RAC
admin, , Business, 0
“There appears to have been a big shift in the last few months in the behaviour of the four...
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UK economy above pre-Covid levels in November
admin, , Business, 0
“In addition, rising taxes and borrowing costs, as well as elevated inflation, will squeeze households’ purchasing power, while the...
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Vets market faces probe into bill overpayment fears
admin, , Business, 0
The UK’s competition body is to forge ahead with an inquiry into the vets market amid concerns that pet...
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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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