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It is a windfall tax on oil and gas profits that leads the Guardian, as COP26 President Alok Sharma says more could be done to raise additional revenue. “These are excessive profits, and they have to be treated in the appropriate way when it comes to taxation”, Mr Sharma says.

Guardian Front Page 1st of November 2024

Rachel Reeves has been informed that an additional £9 billion in tax revenue may be needed to prevent harsh spending cuts to public services, following concerns about increased borrowing costs and a demanding global financial environment.

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