Oil companies are making massive profits and stockpiling cash, and holding off on changing their investment plans.
Articles on UK windfall tax
Displaying all articles
Decades of privatisation have left the UK asset-poor – but a national wealth fund as proposed by Labour could help to future-proof the country’s finances.
Even with a 75% tax, energy companies can claim tax reliefs on UK projects.
The UK windfall tax has barely made a dent in surging energy profits this year.
