REFILE-UK's Reeves looks at early scrapping of windfall tax on oil and gas sector, FT reports
ReutersOct 29, 2025 8:33 PM
Oct 29 (Reuters) - Britain's finance minister, Rachel Reeves, could scrap a windfall tax on the country's oil and gas industry sooner than expected, the Financial Times reported on Wednesday.
Reeves is considering using the budget to stop the energy profits tax in March 2029, reversing a decision made in last October's budget to extend it by one year, until March 2030, the report added, citing people familiar with her thinking.
Reuters could not immediately verify the report.
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