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United Kingdom · Question · Written question

UIN 18890

Electricity Generation: Profits

answeredUnited Kingdom· UK Parliament· EN

Introduced

15 June 2022

Last action

23 June 2022 · Answer

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Answered

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Discovery layer

Source updated

23 June 2022

Summary

To ask the Chancellor of the Exchequer, with reference to his oral statement of 26 May 2022 on Economy Update, Official Report, column 451, what method his Department is using to carry out the evaluation of the scale of extraordinary profits in certain pa

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Timeline

  1. 15 June 2022

    Written question

    To ask the Chancellor of the Exchequer, with reference to his oral statement of 26 May 2022 on Economy Update, Official Report, column 451, what method his Department is using to carry out the evaluation of the scale of extraordinary profits in certain pa

    Source: Commons

  2. 23 June 2022

    Answer

    As the Chancellor announced in the Economy Update 2022, the Government is introducing the Energy Profits Levy, a new 25 per cent surcharge on the extraordinary profits the oil and gas sector is making. The new Energy Profits Levy will raise around £5 bill...

    Source: Written answer

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