Tax Justice calls for 95% Energy Windfall Tax
Today the new Prime Minister Liz Truss announced a huge cost of living support package estimated to be worth £150bn. It will freeze the energy bills of consumers and businesses from further rises. It’s good that the government is stepping in to protect us from soaring energy bills. This is Continue Reading
Sunak Announces Windfall Tax
This afternoon Rishi Sunak stood up in the House of Commons and promised to introduce a windfall tax on profits racked up by the energy giants. The Chancellor also announced a £15 billion package of support, including a £400 discount on energy bills for all and a £650 one-off payment Continue Reading
Boris Johnson Considers a Windfall Tax
Boris Johnson has said he will “look at” implementing a windfall tax on oil and gas companies as he faces increased pressure to address the rising cost of living. After Shell and BP revealed record earnings due to higher oil and gas prices, Labour supports such a move. The Prime Continue Reading
