Cost of living: Boris Johnson rules out windfall tax on energy companies – video

The prime minister said he was not prepared to levy a windfall tax on oil and gas companies, a move that Labour has called for and was hinted at by the chancellor, Rishi Sunak, last week.

Boris Johnson’s comments came as BP announced $6.2bn (£5bn) profits for the first three months of this year, figures that the TUC called ‘obscene’ at a time of soaring bills.

Speaking on ITV’s Good Morning Britain on Tuesday, the prime minister was asked what more a 77-year-old viewer, Elsie – who had cut down to just one meal a day and spent her days on buses to keep warm – could do to help pay her soaring energy bills. 

Johnson said he did not want her ‘to cut back on anything’ but said the government did not want to discourage energy companies from making long-term investments

UK politics – live updatesBoris Johnson admits efforts to ease cost of living crisis not enoughContinue reading…

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Cost of living crisis, Boris Johnson, UK news, Politics, Energy bills, Money, BP, Energy industry, Fuel poverty, Poverty, Family finances, Household bills, Consumer affairs UK news | The Guardian

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