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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Renters’ rights violations to be investigated
admin, , Business, 0
Since February, the CMA has been engaging with the government’s Levelling Up department, and various consumer rights groups, including...
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Maersk preparing to resume shipping through Red Sea
admin, , Business, 0
The alternative route, around the Cape of Good Hope, adds about 3,500 nautical miles to the journey. This has...
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Covid: Rapid tests could help reopen nightclubs, PM suggests
admin, , Business, 0
“Finally we have some acknowledgement from the prime minister and government on the existence of late night economy businesses,...
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Melinda French Gates to quit Gates Foundation
admin, , Business, 0
Billionaire philanthropist Melinda French Gates has said she will resign as a co-chair of the Bill & Melinda Gates...
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High Streets: ‘Catastrophic blow’ as business rates appeals denied
admin, , Business, 0
“By providing more targeted support than the business rates appeals system, our approach will help protect and support jobs...
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British Steel to cut jobs amid fears for industry
admin, , Business, 0
The Chinese-owned firm will cut 300 jobs at its Scunthorpe plant.
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Railway workers to strike over three days in June
admin, , Business, 0
On the first day of the planned strike on 21 June, London Underground RMT workers plan to walk out...
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Business rent holiday extension ‘will hit pension schemes’
admin, , Business, 0
Image copyright Christopher Furlong Landlords have reacted with dismay to a further rent holiday for struggling businesses, saying it...
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