Windfall tax cannot be ruled out amid 'extraordinary' cost of living pressure says Treasury minister

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Energy companies have been told by the government that 'all options are on the table' if they do not reinvest their bumper profits - amid a growing clamour for a windfall tax.

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Simon Clarke, chief secretary to the Treasury, acknowledged the"extraordinary pressure on family finances" and said imposing such a levy could not be ruled out. However it is understood that the prime minister and other members of the cabinet are yet to be convinced.

 

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Of course it should. Sooner the better. Tory nonesense about preserving pension plans of their employees. They made a huge profit and therefore should have a one off windfall tax. BorisJohnson sajidjavid No utility vat for 12 months. Utility caps lowered .

Do decide quickly please, people are suffering.

Setting the scene for the customary ‘nothing to see here’ u-turn ToriesOut

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The Tories will U turn and introduce a windfall tax , probably as a distraction when Sue Gray report published

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