Sunak’s Tax Helps Consumers But Misses the Energy Mark

The UK government’s 25% windfall tax on oil and gas company profits, along with the accompanying investment allowance that will let them avoid most of it, will do little to address the country’s pressing energy needs.

Speaking in parliament on Thursday, Chancellor of the Exchequer Rishi Sunak, didn’t dare utter the words “windfall tax” — something the opposition parties had been urging him…