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Evening Standard
Evening Standard
Business
Craig Paton

Government ‘taxing oil and gas sector to death’, claims trade body

The Chancellor did not scrap the energy profits levy (Frank Augstein/PA) - (PA Wire)

The UK Government is taxing the oil and gas industry “to death”, a trade body has said as the Chancellor refused to scrap the windfall tax.

The energy profits levy (EPL) was placed on the profits of oil and gas firms as a result of the cost-of-living crisis.

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