{"id":536737,"date":"2022-11-18T11:37:19","date_gmt":"2022-11-18T06:07:19","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=536737"},"modified":"2022-11-18T11:37:19","modified_gmt":"2022-11-18T06:07:19","slug":"uk-increases-windfall-tax-on-profits-of-oil-gas-companies","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/uk-increases-windfall-tax-on-profits-of-oil-gas-companies\/","title":{"rendered":"UK increases windfall tax on profits of oil, gas companies"},"content":{"rendered":"<p>The British government was increasing the windfall tax on the profits of oil and natural gas companies in an emergency budget announced Thursday that was aimed at restoring the nation&#8217;s economic credibility and patching up its battered finances.<\/p>\n<p>Saying the U.K. faces &#8220;unprecedented global headwinds,&#8221; Treasury chief Jeremy Hunt is unveiling tax increases and spending cuts in a speech to the House of Commons in a bid to tame double-digit inflation and rein in a growing deficit.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The British government was increasing the windfall tax on the profits of oil and natural gas companies in an emergency budget announced Thursday that was aimed at restoring the nation&#8217;s economic credibility and patching up its battered finances. Saying the U.K. faces &#8220;unprecedented global headwinds,&#8221; Treasury chief Jeremy Hunt is unveiling tax increases and spending cuts in a speech to the House of Commons in a bid to tame double-digit inflation and rein in a growing deficit.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-536737","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/536737","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=536737"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/536737\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=536737"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=536737"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=536737"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}