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Sunak not ruling out windfall tax - Treasury minister

A Treasury minister suggested Chancellor Rishi Sunak was not ruling out a windfall tax on oil and gas company profits if the sector does not invest in providing more domestic energy sources. Simon Clarke, Chief Secretary to the Treasury, told BBC Breakfast: “We want to see the record profits that the industry is making at this time reinvested in productive capacity for our economy. “Insofar as that doesn’t happen, the Chancellor has been clear that we can’t rule anything out.”
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