North Sea oil firms have sent a letter to chancellor Jeremy Hunt, calling the UK one of the most “fiscally unstable” places to do business in the world as another windfall tax threat looms.
Questioned on the possibility of further windfall taxes on fossil fuel profits, business secretary Grant Shapps hinted the measures could form part of the upcoming Autumn Statement.
The UK is pressing ahead with legislation to prevent its services being used to allow shipments of oil from Russia internationally.
Trade body Offshore Energies UK has written to Chancellor Jeremy Hunt requesting an “urgent meeting” as it warns revisions to fiscal policy are scaring off UK energy investment.
The British government should raid the banks for tens of billions of pounds to fill a black hole in the public finances, according to former Bank of England Deputy Governor Charlie Bean.
Chancellor Jeremy Hunt is considering an expansion of the North Sea windfall tax - despite figures showing a near-700% increase in payments over the last year.
Westminster is being told it must do more to support the “entire flexible labour market” after dropping plans to repeal IR35 tax rules.
Recently named Chancellor of the Exchequer, Jeremy Hunt, has announced that the government's energy price cap will be subject to review from April 2023.
Plans to repeal contentious off-payroll working rules that impact numerous oil and gas workers have been scrapped.
Chancellor Kwasi Kwarteng has been sacked after just six weeks in the role.
Iran's top leader has said his country will retaliate over the seizure of an Iranian tanker by British authorities.
Tensions in the Gulf make the case for strengthening the Royal Navy, Foreign Secretary Jeremy Hunt said.