# HM Treasury

Type: organization

Source: Climate Intelligence Brief — https://getclimatebrief.com/entity/hm-treasury-organization
Canonical HTML page: https://getclimatebrief.com/entity/hm-treasury-organization

## Timeline

- **2026-04-15**: CMA Deadline — Expected date for the watchdog's initial findings on retail margin transparency.
- **2026-03-13**: Treasury Intervention — Rachel Reeves issues a formal letter to the CMA demanding a crackdown on 'rip-off' pricing.
- **2026-03-08**: Retail Price Surge — UK average petrol prices rise by 8p per litre in a single week.
- **2026-03-04**: Reeves Meeting — Chancellor meets industry bosses to confirm the 2030 sunset clause.
- **2026-03-01**: Conflict Escalation — Hostilities in Iran lead to immediate 15% spike in Brent crude futures.
- **2024-07-01**: Labor Policy Shift — The new government raises the EPL to 38% and extends it to 2030.
- **2023-01-01**: Rate Increase — The levy is increased to 35%, bringing the total tax rate to 75%.
- **2022-05-26**: EPL Introduced — Rishi Sunak introduces a 25% windfall tax on oil and gas profits.

## Recent coverage (2 stories)

### Rachel Reeves Orders Fuel Price Crackdown Amid Rising Middle East Tensions
2026-03-13 12:40:59 · Sentiment: Bearish · Impact: 6/10 · Sources: 8

UK Chancellor Rachel Reeves has formally requested the Competition and Markets Authority to investigate and mitigate fuel price gouging at the pump. The intervention follows a sharp rise in global oil volatility linked to the conflict in Iran, with the government seeking to protect consumers from unfair retail margins.
Full story: https://getclimatebrief.com/story/reeves-fuel-price-crackdown-iran-conflict

### Reeves Signals End to North Sea Windfall Tax to Stabilize Energy Investment
2026-03-04 17:02:15 · Sentiment: Bullish · Impact: 6/10 · Sources: 3

Chancellor Rachel Reeves is meeting with North Sea energy executives to reaffirm the government's commitment to ending the Energy Profits Levy by 2030. The move seeks to restore investor confidence following warnings that the current 78% marginal tax rate is driving capital out of the UK.
Full story: https://getclimatebrief.com/story/reeves-north-sea-windfall-tax-commitment

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