What is a windfall tax and how would it work?
Chancellor Rishi Sunak is expected to announce a windfall tax on energy firms that could raise £7bn.
Companies that get oil and gas out of the ground are getting much more money for it than they were last year, partly because demand has increased as the world emerges from the pandemic and partly because of supply concerns due to Russia's invasion of Ukraine.How countries are dealing with rising pricesBP's underlying profit more than doubled to $6.
They also pay relatively high dividends, which are the other way companies distribute their profits to shareholders.The Prime Minister has previously said a windfall tax would deter investment: "I don't like them. I don't think they are the right way forward. I want those companies to make big, big investments."
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