UK HM Treasury has published statement delivered to parliament by Chancelor of the Exchequer Rachel Reeves on the Government's economic response to the Middle East to the conflict in the Middle East, including certain tax-related measures. One notable measure is an extension of the Electricity Generator Levy beyond its scheduled conclusion in 2028, as well as an increase in the levy rate from 45% to 55%. The levy was originally introduced from 1 January 2023 on exceptional electricity genera…