Government must impose a higher windfall tax on “fat cat” energy producers

Commenting on today’s (Thursday) annual profits from BP, TUC General Secretary Paul Nowak said:

“As millions struggle to heat their homes and put food on the table, BP are laughing all the way to the bank.

“Hard-pressed families will rightly feel furious – they are being treated like cash machines.

“This boils down to political choices.

“Ministers are letting big oil and gas companies pocket billions in excess profits. But they are refusing to give nurses, teachers and other key workers a decent pay rise.

“We need a government on the side of working people – not fat cat energy producers.

“That means imposing a higher windfall tax on the likes of BP and Shell. It means giving public servants fair pay. And it means giving households extra financial support as bills rise this April.”