Hunt hints at windfall tax U-turn

EMBARGO: Immediate Release

After a question from Leader of the Liberal Democrats, Ed Davey, the Chancellor was forced to admit the Government would consider a windfall tax on oil and gas companies. Responding Ed Davey said:

“Innocent families and pensioners should not be left to pick up the bill for Liz Truss’s economic incompetence. The new Chancellor must add a windfall tax to his long list of u-turns.  

“The public will not stomach oil and gas firms making eye-watering profits whilst they are forced to make heartbreaking choices this winter.”

ENDS

Notes to Editor

Check against delivery

Question to the Chancellor 

Mr Speaker, people are already suffering the damage caused by this Conservative Government’s reckless economic mistakes. 

Hundreds of pounds added to monthly mortgage payments are pushing millions of families to the brink. With higher food prices, higher fuel costs and higher energy bills. 

But even now, the Chancellor refuses to undo one of the Government’s biggest injustices: 

its failure to impose a proper windfall tax on the record profits of the oil and gas giants.

After so many U-turns, surely the Chancellor can persuade the Prime Minister to make one more? Will he introduce a proper windfall tax, and help struggling families?