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Windfall tax to fund energy bill discounts

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Chancellor Rishi Sunak has announced a windfall tax on energy companies which will partly fund a £400 energy bill discount for millions of people.

It's part of a £15bn package announced by the government to help those struggling to pay household bills.

The tax takes the form of a temporary levy on oil and gas companies who have seen bumper profits as a result of soaring prices.

Read more here: https://news.sky.com/story/politics-live-rishi-sunak-to-reveal-more-help-with-rising-cost-of-living-boris-johnson-hopes-to-put-partygate-behind-him-after-no-smoking-gun-in-report-12593360

#WindfallTax #Chancellor #CostOfLiving

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Category
World
Tags
cost of living, crisis, energy companies
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