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The Independent UK

National

Dominic McGrath

New cap on renewable energy revenue not a windfall tax, says Rees-Mogg

Renewable Energy Jacob ReesMogg

PA Wire

Jacob Rees-Mogg has denied that Government plans for a cap on the revenues of renewable energy generators and nuclear power plants amount to a windfall tax.

The announcement on Tuesday that the Government would introduce a “cost-plus revenue limit” prompted immediate accusations that it was attempting to smuggle in a windfall tax by the back door.

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