Ministers row back from extending windfall tax on energy firms
by Rowena Mason Deputy political editor from World news | The Guardian on (#62C51)
Liz Truss and Kwasi Kwarteng make clear they do not support idea briefed by Treasury sources on Tuesday
Ministers are rowing back from threatening energy companies with a bigger windfall tax, after Liz Truss and her ally Kwasi Kwarteng made plain they would not support this option.
Nadhim Zahawi, the chancellor, and Kwarteng, the business secretary, will meet energy companies on Thursday morning, but multiple government sources said the discussion would be with electricity generators to discuss investment, wholesale prices and security of supply, rather than a windfall tax.
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