The tax will be phased out as energy prices return to normal, Mr. Sunak said, but will not last beyond 2025. “The oil and gas sector is making extraordinary profits,” Mr. Sunak told lawmakers in Parliament. “The high inflation we are experiencing now is causing acute distress for the people of this country,” Mr. Sunak said. Energy bills are expected to jump higher in the fall. On Thursday, Mr. Sunak said he would scrap the repayment plan for the October relief and double it to £400.

Source: New York Times May 26, 2022 21:06 UTC