Chancellor plans to abolish windfall tax 'when market prices allow'

Contributing sentiments towards policy:

62% : "Not only is Jeremy Hunt losing the support of industry, he is also losing the support of his north east parliamentarians who understand that the windfall tax is bad for jobs, bad for investment, bad for energy security and bad for the energy transition.
59% : "We are already seeing investors walking away from deals - with some showing open dissent towards the UK - and if that gathers pace, then the 1,000 jobs we have already lost to the windfall tax could be a drop in the ocean compared to what is to come.
55% : The duty rate on spirits remains at the current level of £31.64 per litre of pure alcohol, meaning that of the £15.63 average price of a bottle of Scotch Whisky, £11.40 is collected in taxation through duty and VAT - a tax burden of 73%.
52% : "He said he was going to reduce the higher rate of property capital gains tax from 28% to 24%, joking to Rayner: "That one really is for Angela.
50% : "He said he had listened to representations from MPs about the tax, adding: "So today I have decided to extend the alcohol duty freeze until February 2025, this benefits 38,000 pubs all across the UK - and on top of the £13,000 saving a typical pub will get from the 75% business rates discount

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