Scotland’s Finance Secretary has “cautiously welcomed” the Chancellor’s £15 billion support package to ease the cost-of-living crisis, but warned a long-term solution is still needed.
Rishi Sunak announced on Thursday that millions of households would receive a £400 energy bill discount as well as a £5 billion windfall tax to be levied on oil and gas giants.
The Chancellor said his plan for a 25% energy profits levy would be coupled with a new incentive, almost doubling the tax relief available on investment.
