Sunday 22 May 2022 08:22 AM Tory row over energy windfall tax widens as as two more ministers speak out ... trends now

Sunday 22 May 2022 08:22 AM Tory row over energy windfall tax widens as as two more ministers speak out ... trends now
Sunday 22 May 2022 08:22 AM Tory row over energy windfall tax widens as as two more ministers speak out ... trends now

Sunday 22 May 2022 08:22 AM Tory row over energy windfall tax widens as as two more ministers speak out ... trends now

The Cabinet war over a windfall tax on energy firms making massive profits while families struggle with the soaring cost of living widened today as two more ministers came out against it. 

Health Secretary Sajid Javid and Northern Ireland Secretary Brandon Lewis became the latest senior Tories to caution against the move, despite it having widespread public support.

Chancellor Rishi Sunak has not ruled out introducing a tax, saying that businesses must show the scale of their investment in UK domestic fuel security. 

He is is examining plans for a 'Windfall Tax Lite' to appease Tory opponents of a one-off hit on oil and gas firms. 

Prime Minister Boris Johnson has come under pressure to introduce a one-off levy on firms which have benefited from globally high oil and gas prices and use the revenue to fund measures to ease the cost-of-living crisis on households struggling with rising bills.

However, he is reportedly resisting the tax, saying it should not be used to help families. The Sunday Times reported that his senior aides believe it is 'unconservative' but if unavoidable the billions raised should be ploughed into new nuclear and wind technology, rather than helping families.

'Boris wants to spend money on things that bring noticeable, tangible benefits in the long term,' a source told the Sunday Times. 

'Spending money on nuclear power stations and offshore wind: fantastic. The Treasury seemed to make that as excruciatingly difficult as they possibly could.' 

Sajid Javid

Brandon lewis

Health Secretary Sajid Javid and Northern Ireland Secretary Brandon Lewis became the latest senior Tories to caution against the move, despite it having widespread backing.

Chancellor Rishi Sunak is examining plans for a ‘Windfall Tax Lite’ to appease Tory opponents of a one-off hit on oil and gas firm

Chancellor Rishi Sunak is examining plans for a 'Windfall Tax Lite' to appease Tory opponents of a one-off hit on oil and gas firm

Prime Minister Boris Johnson has come under pressure to introduce a one-off levy on firms which have benefited from globally high oil and gas prices and use the revenue to fund measures to ease the cost-of-living crisis on households struggling with rising bills.

Prime Minister Boris Johnson has come under pressure to introduce a one-off levy on firms which have benefited from globally high oil and gas prices and use the revenue to fund measures to ease the cost-of-living crisis on households struggling with rising bills.

Addressing the Welsh Conservative conference on Saturday, Mr Javid said: 'You just mentioned the windfall tax idea. Instinctively I don't like it. I just think we've got to be really careful.

'As a country, we have a very hard-won but strong reputation on being pro-business, welcoming investment.

'Businesses like certainty and of course there's no such thing as pure certainty, but when it comes to taxes, I think we've just got to be really careful with these sudden taxes that could have an impact in the long term that we would come to regret.'

And today Mr Lewis said such a move 'doesn't really work'.

'It puts off investment both in that sector and, absolutely, the risk in others,' he told the Telegraph.

'So we'd be very, very wary of a windfall tax. What we want to see is

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