British finance minister Thursday announced a 25% targeted windfall tax on oil and gas companies profits. The temporary levy will be released along with support package directed at households to help them meet their energy bills. The minister also noted they will double the investment allowance for energy companies that invest their profits in the UK.

British finance minister Thursday announced a 25% targeted windfall tax on oil and gas companies profits.  The temporary levy will be released along with support package directed at households to help them meet their energy bills.  The minister also noted they will double the investment allowance for energy companies that invest their profits in the UK.