Thursday 12 May 2022 10:41 PM Boris Johnson finally vows to consider windfall tax on bumper oil firm profits trends now
Thursday 12 May 2022 10:41 PM Boris Johnson finally vows to consider windfall tax on bumper oil firm profits trends now
Boris Johnson finally vows to consider windfall tax on bumper oil firm profits to help families cope with soaring bills Boris Johnson will look at a windfall tax on the profits of oil and gas companies This move will help households struggling with rising bills and the cost of living BP set to reinvest all profits from its North Sea oil and gas production into the UK The Prime Minster said on LBC that he did not like windfall tax as 'they deter investment in the very things that they need to be investing in'
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Boris Johnson has promised to look at introducing a windfall tax on the profits of oil and gas companies to help households struggling with rising bills.
Chancellor Rishi Sunak is threatening to hit energy firms with a one-off levy if they fail to invest enough in the UK.
The Mail revealed yesterday that the Treasury had been told to look into a potential tax.
Ministers had ruled it out over fears it could stop firms investing, but they have warmed to it as concerns grow that the industry is not increasing its spending despite huge profits.
