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British Prime Minister Boris Johnson’s government will impose a so-called windfall tax on the profits of oil and gas companies to help fund support for Britons facing a cost-of- living crisis.

The 25% levy on energy firms will raise about £5bn (about R100bn) which will finance one-off grants of £650 to more than 8-million of the poorest households in the UK, finance minister Rishi Sunak said in the House of Commons on Thursday...

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