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

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Submitted ⁨⁨2⁩ ⁨weeks⁩ 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 ⁨2⁩ ⁨weeks⁩ 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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  • brewery@feddit.uk ⁨2⁩ ⁨weeks⁩ ago

    Why not leave them alone for now and then when the rest of the world has run out, we’ve still got the option to use them or hopefully, the best thing possible for humanity - they never get used! We do run the risk of being invaded though - by USA or Russia (can’t remember the name but thinking of a Scandinavian drama about that)

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