In a statement, the Treasury said the windfall tax – called the Energy Profits Levy – will end if average oil and gas prices fall to, or below, a set level for two consecutive three-month periods. If not, the tax will remain in place until March 2028.
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Coronavirus: Sir Keir Starmer to call for furlough scheme replacement
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Image copyright EPA Sir Keir Starmer will call on the government to replace the furlough scheme and outlaw “firing...
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Higher rates punish low paid, says Bank’s Swati Dhingra
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“The kinds of price increases that we’re seeing, which is energy and food, those will typically impact those people...
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Burger King Russia partner ‘refuses’ to shut shops
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MP Alona Shkrum said: “It is very important to put Putin in isolation and for him to know he...
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Paula Vennells opposed stopping postmaster prosecutions, inquiry hears
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Former Post Office boss Paula Vennells ignored calls from the organisation’s top management team to halt sub-postmaster prosecutions, the...
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Ukraine: UK sanctions oligarchs Alisher Usmanov and Igor Shuvalov
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Conservative MP Tom Tugendhat, the chairman of the Commons foreign affairs committee, said: “We should be looking immediately to...
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UK job vacancies highest for a year as lockdown eases
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The pattern is, though, as uneven as the lifting of the restrictions. Hospitality and retail jobs are still well...
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Covid: Virgin Holidays ‘must pay refunds or face court’
admin, , Business, 0
Newlyweds David and Natalie Rogers, from Dudley, saved for two years for their dream honeymoon safari trip in Kenya...
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Ikea aims to launch delayed ‘Buy Back’ scheme in UK
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Ikea deserved credit for innovating in this area said Ms Middlemiss, but offering things like replacement sofa covers, which...
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