Get all your news in one place.
100's of premium titles.
One app.
Start reading
Evening Standard
Evening Standard
Business
Katrine Bussey

Scrapping windfall tax on oil and gas is ‘utterly essential’, Swinney insists

Scotland’s First Minister has insisted it is ‘utterly essential’ that Chancellor Rachel Reeves ends the windfall tax on oil and gas (Aaron Chown/PA) -

John Swinney has again insisted it is “utterly essential” that the UK Government scraps the windfall tax on North Sea oil and gas.

The Scottish First Minister, speaking ahead of a meeting between Chancellor Rachel Reeves and energy bosses, said the current “uncertainty over energy supplies” as as result of the conflict in the Middle East was now a “material consideration” for the scrapping of the charge – which is officially known as the energy profits levy.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.