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<p>Within the Economy Update on 26th May, the Chancellor announced the Government
is urgently evaluating the scale of extraordinary profits in the electricity generation
sector and the appropriate next steps. As part of this process, Government officials
are currently engaging with industry stakeholders.</p><p> </p><p>The Government recognises
that any measures, tax or otherwise, need to be proportionate and avoid creating undue
distortion or impacts on investment in UK electricity generation.</p>
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