🤦The 50p tax rate was supposed to raise £2.7bn a year. It raised £1bn. The Energy Profits Levy was forecast at £41.6bn. It raised £17.4bn. The non-dom abolition was meant to raise £34bn. It may raise nothing.
📉This is not bad luck. It is a pattern.
Overall, I am incredibly concerned about how much policy this Government is creating in the energy sector based on outright falsehoods and being misinformed about how things work.