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
admin, , Business, 0
Image copyright EPA Sir Keir Starmer will call on the government to replace the furlough scheme and outlaw “firing...
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Ex-Nissan boss Carlos Ghosn: How I escaped Japan in a box
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Mr Ghosn was taken to the Tokyo Detention Centre where he was given prison clothes and confined to a...
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Call of Duty battle over after Sony deal with Microsoft
admin, , Business, 0
“The FTC has not shown it is likely to succeed on its assertion the combined firm will probably pull...
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US firms add more jobs than expected in May
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As companies compete for workers, pay has been rising faster than it has in years. Last month, the average...
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Warning cost of living fund closure ‘catastrophic’
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Councillor Shaun Davies, chair of the Local Government Association, says closing the fund risks more households falling into financial...
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AI will not be mass destroyer of jobs – Bank chief
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A Department for Science, Innovation and Technology spokesperson said: “We do not accept this – the UK is a...
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The era of cheap helium is over—and that’s already causing problems
admin, , Business, TOP STORIES, 0
A delicate balance The helium we use today formed from the breakdown of radioactive materials millions of years ago...
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Tesla to recall 475,000 cars in the US
admin, , Business, 0
In another Safety Recall report, also filed on 21 December, Tesla notes the fault could mean, if the primary...
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