Results 1–20 of 2000 for windfall tax

Social Security (Additional Payments) Bill (22 Jun 2022)

Stephen Timms: ...previous announcements.” It also described it as “serious redistribution”. It is, I think, a serious response to a serious problem. I also welcome the Chancellor’s change of heart over the windfall tax to fund some of the help that is needed. However, we need to be clear: the reason the Bill is needed is that the system for social security uprating has failed. It is a long-standing...

Scottish Parliament: Cost of Living Support (22 Jun 2022)

Mark Griffin: ...winter. The crisis will only get worse, so the Government must respond with action. The people who are best off—those who are able to afford to run not one but two homes—are set to pocket a windfall of almost £10 million between them simply because they have another home that is not their main residence. The irony of that will be lost on no one. Homes are for living in. A cost of...

Business of the House (16 Jun 2022)

Kirsty Blackman: in one day. I appreciate that the Minister in her place now is not responsible for the Bill, but, at some point, I would really like some commitment from the Government that when we come to the windfall tax Bill, which is the other half of this piece—we have an overview of it, but we have no idea exactly what will be in it, and we have not seen anything to do with its drafting—we...

Cop26: Fossil Fuel Industry (15 Jun 2022)

Ed Miliband: ...job in that post. Part of the reason he won respect at COP26 was for his commitment to phase out fossil fuel subsidies, yet here at home the Chancellor has created a massive loophole in the windfall tax to give away at least £4 billion of public money in new incentives for new oil and gas projects. Can the COP26 President tell us whether he was consulted on that plan? How much does he...

New Wealth Taxes — [Sir Edward Leigh in the Chair] (14 Jun 2022)

Pat McFadden: I congratulate my hon. Friend the Member for Leeds East (Richard Burgon) on securing the debate, and I thank all hon. Members for their contributions. Taxation is high on the political agenda right now for a number of reasons, but particularly in the United Kingdom because we are the only country in the G7 to be putting up taxes on incomes in the middle of the cost of living crisis that we...

Fuel Poverty - Question (13 Jun 2022)

Baroness Jones of Moulsecoomb: My Lords, the Government’s windfall tax was clearly very good, because it helped householders pay their bills, but at the same time that money went into profits for the oil and gas companies. The Minister talks about sustainable homes, retrofit and so on, but actually the Government are not putting enough into this, and I wonder whether government policy is influenced by the fact that the...

Written Answers — Treasury: Energy: Taxation (13 Jun 2022)

Kevan Jones: To ask the Chancellor of the Exchequer, what assessment his Department has made of the potential merits of establishing a windfall tax on energy companies.

Written Answers — Treasury: Offshore Industry: Taxation (13 Jun 2022)

John Redwood: To ask the Chancellor of the Exchequer, what assessment he has made of the potential effect of the (a) windfall tax on oil and gas producer profits and (b) planned increase in corporation tax on the UK's position in global league tables of the best places to do business.

Cost of Living - Motion to Take Note (9 Jun 2022)

Lord Tunnicliffe: not solely the result of global trends and the war in Ukraine. As other noble Lords have noted during the debate, the situation has not been helped by the Government’s recent changes to tax and benefits, which have left many low-income people worse off in real terms. Neither has it been helped, as observed by my noble friend in his introductory remarks, by the fundamental weakening of...

Scottish Parliament: Second Home Ownership (Rural and Island Communities) (9 Jun 2022)

Mark Griffin: In March, when I asked the Cabinet Secretary for Social Justice, Housing and Local Government whether she had considered a council tax surcharge on second homes, she said—as the Cabinet Secretary for Rural Affairs and Islands has suggested—that the additional dwelling supplement was sufficient to tackle the issue. Have both cabinet secretaries discussed the issue? In Argyll and Bute, 6...

Children’s Education Recovery and Childcare Costs (7 Jun 2022)

Bridget Phillipson: ...through months of inaction but through conscious choices, time and again, to make life harder still for working people. It took five months for the Chancellor to come to this House and set out the windfall tax for which Labour had been calling all that time—five months when families were forking out £53 million a day. Let us not forget that the wider cost of living crisis we face today...

North Sea Oil and Gas Producers: Investment Allowances - Commons Urgent Question (7 Jun 2022)

Lord Grocott: My Lords, the Minister has been talking about an energy profits levy, which she says will raise about £5 billion a year. We have been talking, as she knows, about a windfall tax, so can she explain to the House the difference between a levy and a tax?

Business, Energy and Industrial Strategy: Topical Questions (7 Jun 2022)

Jonathan Reynolds: ...the Business Secretary believes that integrity and honesty are important in all walks of life, he should have voted against the Prime Minister last night. I welcome the Government’s U-turn on a windfall tax, but yet again they say one thing and do another. There is uncertainty about who the tax will apply to, and there is worry that the chaotic nature of the announcement could perversely...

North Sea Oil and Gas Producers: Investment Allowances (6 Jun 2022)

Rachel Reeves: I am here to talk about the cost of living crisis, but where are Tory MPs today? On 26 May, the Chancellor announced a welcome U-turn on his party’s opposition to a windfall tax—a policy for which we had been calling since January. At the same time as that handbrake turn, however, he created a tax giveaway for oil and gas producers that undermined that tax. Only this morning, in a...

Written Answers — Treasury: Offshore Industry: Taxation (6 Jun 2022)

Lord Truscott: To ask Her Majesty's Government whether they will review their decision not to impose a windfall tax on energy companies in response to the increased cost of living.

Written Answers — Treasury: Offshore Industry: Taxation (6 Jun 2022)

Baroness Ritchie of Downpatrick: To ask Her Majesty's Government what steps they will take to levy a windfall tax on oil and gas firms throughout the UK to address rising levels of fuel poverty.

Questions to the Mayor of London — Rapid reductions in London’s carbon emissions: Rapid reductions in London’s carbon emissions (6 Jun 2022)

Sadiq Khan: ...fossil fuel prices and deliver emissions reductions. I continue to call on the Government to devolve powers and funding for energy efficiency to me and other metro mayors, and to introduce a windfall tax on profiteering energy companies to fund support for people struggling through this crisis. Since 2020, my retrofit programmes have helped secure more than £221 million from the...

Scottish Parliament: Cost of Living (Energy Profits Levy) (1 Jun 2022)

Stuart McMillan: 3. To ask the First Minister what the Scottish Government’s response is, regarding the impact on Scotland, to the energy profits levy, commonly referred to as a windfall tax, on the oil and gas sector to help support families struggling with the cost of living crisis. (S6F-01167)

Scottish Parliament: Investing in Scotland’s Future (31 May 2022)

Paul McLennan: It has been estimated that around 90 per cent of the revenue that is raised from the UK Government’s energy windfall tax may be set to come from Scotland on account of our substantial energy resources. If that funding was retained in Scotland, the Scottish Government would be in a much stronger position to support people who are facing the brunt of the cost of living crisis. The Bank of...

Written Answers — Cabinet Office: Offshore Industry: Taxation (30 May 2022)

Caroline Lucas: To ask the Minister for the Cabinet Office, what discussions he has had with (a) his Deputy Chief of Staff and (b) Lynton Crosby on the potential merits of a windfall tax on oil and gas company profits; and if he will make a statement.

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