Warning comes as Harbour Energy says it will axe 100 of its offshore workforce after chancellor kept headline 78% levy ...

North Sea producers say the tax, introduced when Russia's invasion of Ukraine caused oil prices to spike, is crippling the ...

Harbour Energy plans to cut around 100 offshore jobs as the UK windfall tax continues to pressure its operations and ...

The UK government will stick with a controversial windfall tax for North Sea oil and gas producers until the end of the ...

The UK government’s decision to retain the windfall tax is driving away investment, triggering job losses, and prompting industry warnings of a collapse in North Sea oil and gas production.

Harbour Energy Plc, one of the largest independent oil and gas firms in the UK, expects to cut another 100 jobs after the ...

The Chancellor's failure to even mention the energy profits levy, or windfall tax, in her Budget statement has angered business leaders who say it will mean thousands more jobs will be lost.

The windfall tax was brought in by the previous Conservative government and then extended after Labour came to power in 2024.

The Chancellor announced in her speech in the House of Commons on Wednesday that the Energy Profits Levy (EPL) will remain in ...

Housebuilders were another weak sector in the London market as news of 'mansion tax' on properties worth more than GBP2 billion was unveiled. An absence of stimulus measures for the housing market ...

Labour faces a pivotal Budget as North Sea leaders warn the Energy Profits Levy is driving jobs, investment and skills overseas.