Tory rejection of windfall tax on energy firms ‘beggars belief’, says Ed Miliband

Ex-shadow business secretary attacks opposition to proposals on grounds that oil and gas companies ‘are already struggling’

Ed Miliband has said it “beggars belief” that the government is opposing a windfall tax on oil and gas companies on the grounds that they are struggling, after Labour proposed a £1.2bn levy on producers to help households and businesses with soaring bills.

The shadow secretary for climate change and net zero and former shadow business secretary said there was “no greater proof that this government’s incompetence and weak leadership is costing millions of hard-working families”, as energy producers have been making near-record profits because of soaring wholesale gas prices that are driving up bills.

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Labour, Ed Miliband, Politics, Energy, Energy bills, Oil and gas companies, UK news, Energy industry, Household bills, Conservatives, Rachel Reeves UK news | The Guardian

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