The UK Chancellor of the Exchequer Rachel Reeves “wants the Energy Profits Levy to come to an end”, a government source told Upstream on Wednesday. The EPL is currently due to expire in 2030, unless ...

The UK Treasury is considering scrapping a windfall tax on North Sea oil and gas following persistent pushback from producers ...

HM Treasury has published a policy paper setting out the next steps to its approach on regulation and regulators. The three overarching actions are: (i) tackling complexity and the burden of ...

HM Treasury published on 15 May 2025 the legal framework which will govern the establishment and operation of the Private Intermittent Securities and Capital Exchange System (PISCES), a new type of ...

The UK Treasury is drafting rules to bring crypto under the FCA supervision, starting in 2027. Digital assets will be regulated similar to other financial products under the legislation, the finance ...

The UK government has rejected the idea of establishing a national Bitcoin reserve, with Economic Secretary to the Treasury Emma Reynolds stating that following the U.S. approach to stockpiling ...

The UK Treasury has started major work on crypto regulations and plans to bring them in by 2027. Digital assets will be regulated similarly to other financial products, and crypto firms will have to ...

The UK Treasury doesn’t want a Bitcoin reserve and it’s making sure we get that. Speaking at the Financial Times Digital Asset Summit in London, Emma Reynolds, the Economic Secretary for the Treasury, ...

“Until there is more certainty in these frameworks, we are intending to utilise existing regulatory initiatives to develop policy and regulation for this asset class,” said Treasury. The Treasury ...

The UK Treasury has launched a review of the oil and gas fiscal regime in an effort to “support the country’s energy security while also realising our net-zero commitments in the medium and long term” ...

UK banks face a new levy to rescue failed small lenders under proposals to enhance the bail-out regime set out by the Treasury. The government has opened a consultation on plans to strengthen its ...

The UK Treasury said yesterday it is important to consider large-scale nuclear projects in addition to Hinkley Point C if the country is to meet its net-zero by 2050 target. This assessment rejects ...