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‘Painful Labour Budget To PUNISH Brits' | ‘It’s Gonna Be Terrible For Us' | ‘We’re Screwed
Replacing the UK’s current windfall tax on oil and gas firms could cost the country up to £8.6 billion by 2030, campaigners have claimed.
The Westminster Government has already outlined plans to replace the charge – known officially as the energy profits levy – with a new scheme called the oil and gas revenue levy.
This is due to happen in 2030 – but energy firms are pushing for the replacement regime to start earlier.
Esther McVey joins Talk’s Jeremy Kyle to discuss this further.
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