UK taxes oil giants to help tackle inflation fallout

LONDON, May 27 (AFP): Britain's finance minister Rishi Sunak on Thursday unveiled a multi-billion-pound support package for consumers hit by soaring domestic energy bills, with help from a temporary windfall tax on oil giants.
A government package worth o15 billion ($19 billion) will be funded in part by an exceptional levy on soaring profits enjoyed by the likes of BP and Shell that have benefited massively from surging oil and gas prices. Sunak acknowledged rocketing inflation is causing "acute distress" for Britons and ravaged household budgets nationwide.