UK government expected to offer energy companies windfall tax relief -FT

(Reuters) – UK energy companies are expected to be given the option of windfall tax relief next week when Britain will unveil a series of measures to boost its energy security, the Financial Times reported on Friday.

The report said that ministers have been discussing with the sector that if energy prices fell below a specified normal long-term level, the 35% windfall tax would not be applied.

(Reporting by Gokul Pisharody in Bengaluru; Editing by Leslie Adler)