Member Info for GeneralLevy

87p/therm is $67 a barrel by my calculations, I don’t think rishi is going to get the money he wanted lmao

Somewhat a similar misadventure to the help to buy which basically added the amount to house prices

I can imagine over the long term, this will cause U.K. gas prices to rise over 25% compared to where they would have been without the tax hike (does the word hike do 25% justice?)

Bwtfdik

£400m KS

Seems likely that someone with a large holding has known about the 25% windfall tax for at least a month looking at sqz's share price performance compared to the share price performance of similar companies over the past month

Gov will probably sell it to a russian company

I'll be honest I never saw a 25% windfall tax coming, and never could have

All it does is ensure international investment in the NS dries up, making us more dependent on russian oil and gas in the short to long term

Incredible...

Bathe in the glory of a conservative government imposing a windfall tax on industry 150% more than what a labour government would have imposed - you have to laugh

But I wouldn't want them to just desperately buy any old tosh that's for sale in the market, would rather wait and for it to be something of value

Consider Kist: about to pay for an asset in the uk ns, with further contingent payments, thats going to be taxed 25% more than they thought when they bought it !

Makes more sense to buy an asset for £400m outside of the NS

That's the problem with high taxation - investment decisions aren't constrained by borders

I don't know about that, I can foresee debt becoming much more costly in the short term, I've a suspicion we'll come up smelling of roses - cash is king

Yes I know that and you know that, but it doesn't work well on the front page of a tory tabloid

Tbf GA, they're doing what populists do... whatever it takes to stay in power and produce punchy headlines for the Daily Mail readers to dribble over

The Normal Gas Price will be when investment in the UK NS drops to 0% in about 3 years time at a guess

GLA

Polite note, all companies will not be able to offset previous losses or decommissioning expenditure against profits subject to the levy, sqz no harder hit than the rest

Yes NewKOTB, but nobody on this forum seems to find that in the slightest bit odd other than me and you, they're all busy being hysterical

If anything this move by the gov ensures higher gas prices for longer

Getting tired of posting this but companies will not be able to offset previous losses or decommissioning expenditure against profits subject to the levy

So sqz is no more ****** than any other NS o&g company by the windfall tax - and a polite note... cash in bank has already been taxed

There's something more to sqz's relentless daily drops spanning a month now

If sqz makes an acquisition now, it will be heavily discounted with this disaster brought to you courtesy of our populist government, £400m is going to buy much more (tbh I'd rather they bought something abroad seeing how inept our gov is)

The post where sqz was thought to be the most exposed to windfall tax was based on information contradicted by the details in the press release, companies will not be able to offset previous losses or decommissioning expenditure against profits subject to the levy