Consultation on new energy windfall tax rushed through

Barry White

On 21 June the Government  launched a little publicised consultation into a new windfall tax, which only runs for 7 days, closing on 28 June (see: https://www.gov.uk/government/consultations/draft-legislation-energy-oil-and-gas-profits-levy-bill). The windfall tax on oil and gas companies, who’ve made massive profits as our energy bills have soared (see: https://www.theguardian.com/business/2022/feb/05/40bn-profits-for-bp-and-shell-fuel-calls-for-windfall-tax-on-energy-firms), only happened because of public and political pressure.

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