UK Keeps Oil and Gas Windfall Tax in Blow to Industry, OBR Says

The UK government will stick with a controversial windfall tax for North Sea oil and gas producers until the end of the decade, dismissing complaints that the levy hurts investment...

By Olga Tanas, Elena Mazneva · Bloomberg Markets

The UK government will stick with a controversial windfall tax for North Sea oil and gas producers until the end of the decade, dismissing complaints that the levy hurts investment and jobs.