Event Brief
Reeves Scraps Plan to End UK Windfall Tax Early
Filed: Mar 04, 2026 at 1:04 PM ET
Summary: UK Chancellor Rachel Reeves backtracks on plans to scrap windfall tax after oil prices spike due to Iran conflict.
WHO: Rachel Reeves
WHAT: Backtracked on windfall tax plans
WHEN: Mar 04, 2026 at 12:30 PM ET
WHERE: London
WHY: Due to rising oil prices from the Iran conflict
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