Rishi Sunak announces £5bn windfall tax on energy firms

‘Temporary, targeted’ levy part of £15bn package intended to soften impact of cost of living crisis

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Rishi Sunak has announced a £15bn package of support for households struggling with the cost of living crisis, part-funded by a £5bn windfall tax on energy companies.

The chancellor put forward what he called a “significant set of interventions” to help offset the impact of rocketing inflation.

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