London Daily

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Sunday, Jul 03, 2022

What's a windfall tax, how much do oil companies already pay, and has UK tried it before?

What's a windfall tax, how much do oil companies already pay, and has UK tried it before?

Both BP and Shell have had record profits at a time when households are feeling the squeeze from a perfect storm of soaring energy costs, a national insurance increase and a spike in everyday spending - but the government has argued a windfall tax is "not the answer".
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