UK Is Not Planning to Extend Windfall Tax to Electricity Firms

Boris Johnson’s government is not planning to extend the windfall tax on oil and gas companies to electricity generators, the prime minister’s spokesman tells reporters.

• Spokesman says decision not to extend the tax is in line with government policy not to make any major fiscal decisions until successor for Johnson is in place
• “There’s no plans to do that in lines with convention, so we will continue to evaluate the scale of the profits and take appropriate steps -- but we have no plans to introduce or extend that to that group,” spokesman Max Blain tells reporters
• NOTE: UK to ...