UK Energy Sector Alarmed by Windfall Tax Increase

The Impact of Windfall Tax on the UK Energy Sector
The UK energy industry is currently expressing grave concerns over the government's plans to increase the windfall tax on oil and gas profits from 75% to 78% while eliminating investment incentives. This move has stirred apprehension among firms that play a crucial role in the UK's energy supply chain, supporting approximately 200,000 jobs.