UK taxes energy firms to cut home bills

By William James and Andy Bruce
Updated May 27 2022 - 12:16am, first published 12:11am
UK finance minister Rishi Sunak says energy firms are making major profits while people struggle.
UK finance minister Rishi Sunak says energy firms are making major profits while people struggle.

The United Kingdom has announced a 25 per cent windfall tax on oil and gas producers' profits alongside a 15 billion pound ($A27 billion) package of support for households struggling to meet soaring energy bills.

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