Energy firms to face windfall tax as part of package to raise £14,000,000,000

Energy firms to face windfall tax as part of package to raise £14,000,000,000

Energy companies have made record profits during the cost of living crisis (Picture: Getty)
Jeremy Hunt has announced a further windfall tax on booming energy firms to ease the pressure on households and businesses this winter.
As he delivered his long-awaited Autumn Statement, the Chancellor confirmed he will increase the energy profits levy from 25% to 35% until 2028.
He told MPs: ‘I have no…

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