Hiking energy tax will hit growth, oil industry says

Raising the windfall tax on the UK's oil and gas companies will hit the government's main goal of growing the economy, the industry has warned.Offshore Energies UK (OEUK) said the planned hike would cause investment in the sector to plunge and result in a loss of £13bn to the UK economy from 2025 to 2029, putting 35,000 jobs at risk.Its analysis follows previous concerns from firms over the Labour government's…