bazzer9461
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Yep I know it may now depend on how much more serious the cost of living gets.
National News has the government failed the people with the latest energy price cap?
- Thread starter Sarge
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I think she'll just borrow more as that seems to be the attitude that growth will cover it (this didn't work last time) but could be wrong and she sees sense.
I will say the Govt are pushing new supply contracts (lower price but longer term guaranteed sums) for non Gas Energy electricity producers. These would replace existing contracts but I don't think they'd come even close to the value of a windfall tax like the EU are proposing.
Essexyellows
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You mean there is more than one way to skin a cat?
A lower UK long term fixed price removes the market volatility/susceptibility.
What happens in Europe once the price escalates? Is their tax just a short term/one off windfall tax or a longer term plan
If Europe remains tied to Russia and the markets, the UK could make gains by selling surplus to them at market rates, surplus that has been produced at a lower tariff.
Complex game with not many easy fixes except shouting "windfall tax"..................
QR
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Ignoring the fact that your series of 'what ifs' won't happen.....
The UK? You mean energy companies can make more profits? That sounds like a good solution to the obscene profits of energy companies.
Sarge
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the French have always been revolting
OUFCGav
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Shell just announced a doubling (compared to same quarter last year) of quarterly profits at $9billion driven by the current price increases. Yet still some people are still against windfall taxes...
Edit: in a different measure, that works out at around £4million profit an hour.
Edit: in a different measure, that works out at around £4million profit an hour.
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Ironically, the Shell CEO is in favour of a windfall tax to help the poorest.
chuckbert
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He’s obviously a commie greenie prick.
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Well if he's that generous, why doesn't he just drop his company's prices?
The main Shareholders would have him out in no time and stop it. He really needs the Govt to direct this then the shareholders are redundant in this matter.
Definitely one of the Anti Growth Coalition.
bazzer9461
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He can’t do that, otherwise the big pay increasss that they want won’t happen and then more bloody strike action
Essexyellows
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Coffin dodger
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But fiddling the books so he doesn't pay one
Quite possibly.
werthersoriginal
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Do we still have that? It was last week’s thing
Essexyellows
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They get tax relief for further exploration and decommissioning old rigs/kit.
Take a look at the accounts and you will see there is an increase in green/renewable spend.
Last but not least - Q3 profit was less than Q2.
Same thing, different name.
Peterdev
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I had 1000 BP shares a while back and wished I’d kept them.
I thought that the government would do the right thing and windfall the oil companies. The banks are coining it as interest rates rise again. The government bailed out the banks years ago. Now the tables are turned they should pay their way too.
It is high time they shared their responsibilities too, instead of the taxpayers being royally fleeced
I thought that the government would do the right thing and windfall the oil companies. The banks are coining it as interest rates rise again. The government bailed out the banks years ago. Now the tables are turned they should pay their way too.
It is high time they shared their responsibilities too, instead of the taxpayers being royally fleeced
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