Post #674492

Yes, the increase in oil prices will bring in more VAT, corporation tax, and Oil and Gass supplementary charge. But, people will cut back on other expenditure to pay for the extra costs, so there will be less tax revenue from that. https://www.telegraph.co.uk/business/2026/03/16/oil-crisis-could-hand-rachel-reeves-3bn-tax-windfall/