UK increases windfall tax on profits of oil, gas companies netscape.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from netscape.com Daily Mail and Mail on Sunday newspapers.
Britain’s Treasury chief says he’s increasing the windfall tax on the profits of oil and natural gas companies as he announced an emergency budget aimed at restoring the nation’s economic credibility and patching up its battered finances
Just three weeks after taking office, British Prime Minister Rishi Sunak faces the challenge of balancing the nation’s budget while helping millions of people slammed by a cost-of-living crisis
LONDON (AP) Pledging to face an economic storm , Britain's new government is set to offer an emergency budget featuring tens of billions in spending cuts and tax increases Thursday as it seeks to restore the U.K.'s economic credibility and patch up the nation's battered finances.
U.K. Treasury chief Jeremy Hunt has pledged help to the most vulnerable weather Britain’s cost-of-living crisis, even as he announced a raft of spending cuts and tax increases designed to mend the country’s battered finances