Rishi Sunak to announce windfall tax on energy firms
The Guardian says Rishi Sunak will push the button on a controversial windfall tax on energy companies on Thursday, as he lays out measures to ease the pain of rising household bills.
Treasury sources did not deny reports the chancellor would use his announcement to scrap the requirement to repay a previously announced £200 discount on energy bills for all households, or that he could increase the level of the grant.
Extra measures are also expected to target the poorest households in the cost of living crisis as rampant inflation pushes up the price of everything from food to fuel.
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