BBCNEWS BBC News June 4, 2024 14:04:00
We are on the side of hard—working families with £6 billion of financial support. he announced extra one—off payments, £650 for those on the lowest incomes. 350 to pensioners and 150 to disabled people and there was a major u—turn on how to pay for it. the new levy will be charged from the profits of oil and gas companies at a rate of 25%. it will be temporary and when oil and gas prices return to historically more normal levels, the levy will be phased out with a sunset clause written into the legislation. a tax on the unexpectedly high profits of north sea oil and gas companies had b...