Axe oil and gas windfall tax before 2030, urges task force

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The UK government should replace the windfall tax on oil and gas “as soon as practicable”, a business-led task force has said, warning the window of opportunity to secure the future of the North Sea is “closing fast”.

The North Sea Transition Taskforce, backed by the British Chambers of Commerce, said ministers have chosen to “wait too long” with their…