Rachel Reeves in line for £8bn windfall as energy tax rakes in MILLIONS for Treasury every day
Chancellor Rachel Reeves is in line for an £8billion windfall thanks to the existing tax on North Sea oil and gas amid the US Iran war. Analysis suggests the Treasury s coffers will receive a significant boost as escalating Middle East hostilities push energy costs higher, swelling by approximately £20million each day through oil and gas related levies. Motorists are bearing the brunt of the crisis, with petrol costs reaching their highest point in 28 months. The unexpected financial gain has
Chancellor Rachel Reeves is in line for an £8billion windfall thanks to the existing tax on North Sea oil and gas amid the US Iran war. Analysis suggests the Treasury s coffers will receive a significant boost as escalating Middle East hostilities push energy costs higher, swelling by approximately £20million each day through oil and gas related levies. Motorists are bearing the brunt of the crisis, with petrol costs reaching their highest point in 28 months. The unexpected financial gain has
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