Quiz of The Week: 21 – 27 Might

The government has U-turned on its resistance to a windfall tax on oil and gas companies, freeing up Rishi Sunak to announce a new emergency package to help households deal with the cost-of-living crisis.

  • SEE MORE What next for Russia’s high-profile defectors?
  • SEE MORE Is Joe Biden taking a tougher stance on Taiwan?
  • SEE MORE Will Rishi Sunak’s billions ease the cost-of-living crisis?

The chancellor said the government would provide “significant support for the British people” as he unveiled a multibillion-pound package to help households pay rocketing energy bills.

The spending will be funded in part by a “temporary targeted profits levy” on gas and oil companies amid what Sunak described as a period of “extraordinary profits” as a result of “surging global commodity prices, driven in part by Russia’s war”.

The government expects the levy to raise about £5bn of revenue, with oil and gas companies set to be charged at a rate of 25% on profits.

To find out how closely you’ve been paying attention to the latest developments in the news and other global events, put your knowledge to the test with our Quiz of The Week.

Need a reminder of some of the other headlines over the past seven days?

  • The US is reeling from the deadliest school shooting in a decade and its second deadliest in history.
  • The total number of people in the UK found to have been infected with monkeypox rose to 90.
  • Viktor Orbán declared a state of emergency in Hungary and introduced a wide-ranging windfall tax to combat its own cost-of-living crisis.
  • Joe Biden said the US would intervene militarily if China attacked Taiwan.
  • A minister in Emmanuel Macron’s new government denied claims that he raped two women, saying that his physical disability would make it impossible.
  • And experts warned that more countries could face an economic collapse like the one currently hitting Sri Lanka.

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