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Evening Standard
Evening Standard
World
Nicholas Cecil

Rishi Sunak and Jeremy Hunt will examine extending windfall tax, says Cabinet minister Nadhim Zahawi

Rishi Sunak and Jeremy Hunt will examine extending the windfall tax on gas and oil giants as they rake in massive profits while millions of households face a cold winter due to soaring energy bills, a Cabinet minister said on Thursday.

Oil giant Shell continued to build on 2022’s record results as it added nearly $10 billion in extra profit to its balance sheet as gas prices remained high.

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