Energy firms face windfall tax after government U-turn

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Energy firms face windfall tax after government U-turn
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Why has the government U-turned on their energy bill support policy? After months of resistance, Rishi Sunak has announced all households will get a £400 discount on their energy bills this autumn. GaryGibbonC4 reports.

It sounds attractive but it doesn’t work. It’s disastrous – just a selection of what members of the cabinet said about a windfall tax in the last few weeks.

But now Rishi Sunak is hitting the oil and gas giants with a levy, prompting consternation among some Conservatives, but jubilation from anti-poverty campaigners.The scale of the help may well divert attention from the prime minister’s partygate travails, and perhaps that might have been Downing Street’s intention.

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