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Rishi Sunak closer to slapping windfall tax on oil and gas companies’ huge profits

RISHI Sunak is edging in the direction of slapping a windfall tax on vitality corporations, it emerged final night time.

The Chancellor has informed North Sea oil and fuel firms they might face a levy until they make investments extra in UK vitality.

Rishi Sunak is edging in the direction of slapping a windfall tax on vitality corporations, it emerged final night time
BP made a whopping £5billion within the first three months of this 12 months

Mr Sunak stated lately that “nothing is ever off the table” — though the Government’s official place is that the tax would deter spending.

He is dealing with stress to behave after Shell and BP revealed respectively that they made £7billion and £5billion within the first three months of this 12 months.

BP has vowed to take a position with or with out a levy.

Centrica has likened any tax to “burning the furniture to keep warm”.

Read extra on the windfall tax

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TAX WHACK

Rishi Sunak tells vitality bosses to put money into UK or face crippling windfall tax

A authorities supply stated: “We want more ambitious plans, faster.”

Earlier this week it was revealed that one in three voters again the tax.

32 per cent of voters assume one of the simplest ways to assist Brits is to slap a windfall tax on vitality firms’ earnings.




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