Energy (Oil and Gas) Profits Levy Bill

Part of the debate – in the House of Commons at 4:55 pm on 11 July 2022.

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Photo of Alan Brown Alan Brown Shadow SNP Spokesperson (Energy and Climate Change) 4:55, 11 July 2022

The hon. Gentleman is making the point that Labour has campaigned on this for seven months. At the same time, the SNP has been calling for a much wider profits levy to address excess profits of other companies. Why is Labour not looking at that? I will give an example: Tesco chair John Allan, as we know, called for the windfall tax on oil and gas, but Tesco trebled its profits from £636 million to more than £2 billion. Why not an excess profit levy on Tesco and others that have profited through the pandemic?