JEREMY Hunt is said to be considering poaching another Labour policy by extending a windfall tax on North Sea oil and gas producers.
Reports say the Chancellor is weighing it up as another way to fund tax cuts for workers in next week's Budget.
PM Rishi Sunak introduced the Energy Profits Levy in May 2022 when he was Chancellor.
Hunt increased it to 35 per cent from January last year and said it would run until March 2028.
This story is from the March 01, 2024 edition of Daily Record.
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This story is from the March 01, 2024 edition of Daily Record.
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