Channel 4 News
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Energy firms face windfall tax after government U-turn
Posted
May 26, 2022
Views
56,907
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530
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May 26, 2022
56,907
530
449
1.72%
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15:53Now PlayingIt 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. (Subscribe)
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 money raised will go towards paying rising energy bills.
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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