Tata Motors denies speculation over Jaguar Land Rover sale

• BP says it paid £1.2 billion in UK taxes during 2025.
• Government plans to raise more revenue by closing overseas tax loopholes.
• Debate intensifies over North Sea investment and Britain's energy future.

BP has revealed it paid £1.2 billion in UK taxes during 2025, placing the oil giant at the centre of a growing debate over how Britain taxes energy companies at a time of rising profits, changing energy policies and mounting pressure on public finances.

The disclosure comes as the government moves to tighten tax rules affecting oil and gas firms, including changes designed to prevent companies from reducing their UK tax liabilities through overseas corporate structures. The plans are expected to raise hundreds of millions of pounds and have renewed attention on the contribution major energy companies make to the UK economy.