Thread: UK Energy Prices
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Old 23-05-2022, 09:16   #669
1andrew1
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Re: Energy companies collapse
Quote:
UK minister refuses to rule out windfall tax on energy groups

“We continue to look at this situation very, very closely,” Simon Clarke, chief secretary to the Treasury, told Sky News on Monday. “On the concept of a windfall tax itself, we are very clear that there is a real need, at a time when the industry is making very significant profits, to see those profits reinvested.

“If we do not see that investment materialise, then we are very clear that all options are on the table,” he added.

Elsewhere, Italy’s government has increased the tax on energy companies’ windfall profits to 25 per cent, up from the 10 per cent envisaged when the levy was first outlined in March.
https://www.ft.com/content/ab665086-...2-2f9d24d1e337
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