RE: Rachel Reeves committed to ending EPL5 Mar 2026 11:09
"The Chancellor held crunch talks with industry bosses in London yesterday, where she revealed that she had planned to announce an end to the levy this week, prior to America’s actions in Iran.
She has now instructed Financial Secretary Lord Livermore to work with the sector to provide “long-term financial certainty”, as well as certainty on a 2027 shift to a new North Sea tax regime which could unlock investment...."
So it's proven to be, exactly was I posted a few days ago .... "EPL will remain until they suck in every last drop of 'windfall' taxes from the Iran crisis,.." There is no reason for a delay, who's to say how long this may go on for or indeed if we have another 'price shock', given Putin's recent comments that could also be closer than HMG think, that's assuming they actually do 'think' !!
aimo & dyor