KWASI KWARTENG has urged energy companies Shell and BP to invest in the UK after Rishi Sunak issued a windfall tax threat on profits.
Kwasi Kwarteng defends Chancellor's wife on non-dom statusWe use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time.The Brexit-backing Business Secretary told energy firm executives to invest more in UK projects to avoid being hit by a tax on earnings.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Invest in gas and wind or face more taxes, BP and Shell told🔺 Update: Energy giants will be told tomorrow to pour billions of pounds more into North Sea gas and offshore wind projects if they want to escape a windfall tax on profits
Read more »
Rishi Sunak hints at U-turn over windfall tax on energy firmsThe Chancellor signalled he would 'look again' at the punitive levy as he faces pressure to act on the current cost-of-living crisis.
Read more »
Invest in gas and wind or face more taxes, BP and Shell told🔺 Update: Energy giants will be told tomorrow to pour billions of pounds more into North Sea gas and offshore wind projects if they want to escape a windfall tax on profits
Read more »
Rishi Sunak threatens oil and gas giants with windfall tax on profits🗣️ Rishi Sunak has threatened oil and gas giants with a windfall tax on their profits if they fail to ramp up investment to shore up Britain’s energy supplies. 🔓 This article is currently free to read ⤵️
Read more »
Rishi Sunak threatens energy firms with windfall taxRishi Sunak has told the cabinet that interest rates are expected to increase to 2.5% over the next year as he warned ministers against borrowing more to fund public spending
Read more »
Oil and gas industry defends North Sea spending levels as Kwarteng urges moreBusiness secretary calls for increased investment by energy producers to avoid being hit with tax on soaring profits
Read more »