UK PM spokesperson says Chancellor Reeves will inform the energy industry that she still intends to end the energy profits levy, EPL, and instead have a more predictable scheme

UK PM spokesperson says Chancellor Reeves will inform the energy industry that she still intends to end the energy profits levy, EPL, and instead have a more predictable scheme.

The UK PM spokesperson's announcement about Chancellor Reeves' intentions to end the energy profits levy signals a significant regulatory shift for the energy sector. By moving towards a more predictable scheme, it may enhance investor confidence and potentially lead to increased capital inflows into energy companies like BP and Shell, impacting their share prices positively in the short term.