Prime Minister Liz Truss says a windfall tax on energy companies would hinder investment in the economy.
(Bloomberg) — Prime Minister Liz Truss says a windfall tax on energy companies would hinder investment in the economy.
- “I believe it’s the wrong thing putting companies off investing in the UK just as we need to be growing the economy”
- Says she will announce her energy plan to help households and business with soaring bills in the House of Commons Thursday
- Says her energy plan will not be funded by a windfall tax
- Says her government plans to open up energy supplies in the North Sea, build more nuclear power capacity
- Also reiterates she intends to change planned rise in corporation tax
- The UK “can not tax its way to growth,” she says in her first Prime Minister’s Questions
- Truss Plans £40 Billion Energy-Aid Package for UK Businesses (2)
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