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The Independent UK
The Independent UK
National
Dan Barker

Oil and gas producers warn windfall tax would do long-term harm to industry

Oil Deirdre Michie ​​Rishi Sunak United Kingdom
PA Wire

Rishi Sunak has been warned that a windfall tax on energy firms would see higher prices and do long-term damage to the oil and gas industry.

Offshore Energies UK (OEUK), which represents the offshore oil and gas industry, issued the warning amid speculation the Chancellor is set to implement the one-off tax on the profits of the energy companies.

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