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Scrapping North Sea windfall tax would not reduce UK energy bills, say experts

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Submitted ⁨⁨1⁩ ⁨day⁩ ago⁩ by ⁨Veserr@sh.itjust.works⁩ to ⁨unitedkingdom@feddit.uk⁩

https://www.theguardian.com/business/2026/mar/10/north-sea-windfall-tax-rachel-reeves-uk-energy-bills-experts

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  • DrCake@lemmy.world ⁨1⁩ ⁨day⁩ ago

    I really need people to understand that oil from the North Sea isn’t nationalised and so is sold on the open market, at open market rates. Just because it’s drilled near us, we don’t get much of a discount, if any.

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