Inflation - Question

Part of the debate – in the House of Lords at 3:08 pm on 23rd May 2022.

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Photo of Baroness Penn Baroness Penn Baroness in Waiting (HM Household) (Whip) 3:08 pm, 23rd May 2022

My Lords, we do not believe that windfall taxes are simple or easy, but we are also pragmatic, and we want to see energy companies which have made extraordinary profits at a time of elevated prices investing those profits back into British jobs and growth. If that does not happen, no option is off the table. When it comes to further help for families across the country that are facing real difficulty, the Government are looking very carefully and stand ready to do more.