Kwarteng questions if windfall tax will end
Former Chancellor Kwasi Kwarteng has raised doubts following Wednesday’s Autumn Budget as to whether the windfall tax on oil and gas profits will ever end.
Rachel Reeves
Labour confirms budget funding for HAR1 green hydrogen projects
The UK Labour government has confirmed £2 billion of funding for 11 green hydrogen projects in its Autumn Budget.
North Sea investment allowance changes could have greater impact than EPL raise
University of Aberdeen research warns of potential impact from proposed EPL changes, but Treasury says it is "right that the oil and gas sector contributes" to UK energy transition.
Money-grubbing chancellors … will they ever learn?
At various times in my more than three decades of scribbling about energy I have witnessed several windfall tax grabs by both Labour and Tory administrations.
Rachel Reeves ‘difficult circle to square’ with energy finances
On the face of it, there is a paradox. Rachel Reeves has inherited a massive black hole in public spending. Large scale infrastructure projects are being cut, left, right and centre.
Labour’s energy plans ‘will cut bills and drive growth’ in Scotland, says Reeves
Labour’s clean energy plans will “turbocharge” the Scottish economy, the party’s shadow chancellor is expected to say during a General Election campaign visit to Scotland today.
Labour would speed up planning for major infrastructure, Reeves to say
A Labour government would accelerate the planning process for critical national infrastructure as part of plans to revive the sluggish economy, Rachel Reeves will say.
Oil industry warns of ‘disaster’ as Labour pledges to increase windfall tax
Labour shadow chancellor Rachel Reeves has pledged her party will increase the North Sea windfall tax, in a move industry says will spell “disaster”.
North Sea dodges windfall tax – but Treasury’s oil and gas receipts head for highest in over a decade
The North Sea has dodged calls for a windfall tax, but Treasury receipts from the sector are set to surge to their highest in over a decade.
Labour joins calls for North Sea ‘windfall tax’
Labour has joined calls to impose a one-off ‘windfall tax’ on North Sea oil and gas companies to fund measures to ease household energy bills.