You made money? How dare you
Posted: Tue May 10, 2022 8:39 pm
Tesco chairman John Allan has joined calls for energy giants to be slapped with a windfall tax to ease the pressure on households suffering the most from the cost-of-living crisis.
Speaking on BBC Radio 4’s Today program he argued there was an “overwhelming case” for a one-off levy on North Sea oil and gas companies, revealing some of the supermarket’s customers have started rationing the amount of food they buy at the supermarket.
He warned the country was facing “real food poverty for the first time in a generation,” and that people were finding it even harder to mitigate soaring energy costs.
Allan explained: “There’s an overwhelming case for a windfall tax on profits for those energy producers, fed back to those most in need of help with energy prices.”
The Tesco boss’ comments follow the proposals from the Labour Party for a one-off £1.2bn levy on North Sea oil and gas companies, with energy firms reporting hefty profits amid soaring oil and gas prices.
The tax would contribute to opposition plans to provide a £600 annual saving to household energy bills for low-income households.
>I think they should put a windfal tax on CEO's that call for higher taxes.
Speaking on BBC Radio 4’s Today program he argued there was an “overwhelming case” for a one-off levy on North Sea oil and gas companies, revealing some of the supermarket’s customers have started rationing the amount of food they buy at the supermarket.
He warned the country was facing “real food poverty for the first time in a generation,” and that people were finding it even harder to mitigate soaring energy costs.
Allan explained: “There’s an overwhelming case for a windfall tax on profits for those energy producers, fed back to those most in need of help with energy prices.”
The Tesco boss’ comments follow the proposals from the Labour Party for a one-off £1.2bn levy on North Sea oil and gas companies, with energy firms reporting hefty profits amid soaring oil and gas prices.
The tax would contribute to opposition plans to provide a £600 annual saving to household energy bills for low-income households.
>I think they should put a windfal tax on CEO's that call for higher taxes.