Windfall taxes are an established thing and absolutely make sense here.
TheWorldIsGoingMad on
So does this interference in the free market also mean if they ever make a loss then the government will bail them out ?
Helen83FromVillage on
So, am I right that I will have to establish an outsourcing firm to funnel profits there?
SwimAppropriate9111 on
More than half of the price of petrol goes to the government, how about cut taxes if you want to put money in the pockets of citizens?
AntJD1991 on
How about they cut the difference out of their fuel duty n vat until the market stabilise?
Nanowith on
I mean it makes sense, frankly it shouldn’t be legal for any of the energy companies to give out bonuses unless they’ve reduced the prices that quarter.
tiny-robot on
Quite a few countries in Europe are acting already – mix of profit caps and tax cuts
Any price rise needs to be linked to cost increases. Not this bullshit gorging that is happening in every industry. We need leadership, we need to get tough now, before this turns real nasty.
Brainchild110 on
Or just remove the stupid way we set the price per Kw on electricity!?
Vertigo_uk123 on
LOWER FUEL DUTY the government is constantly making the energy companies out to be the bad guy. Capping profits. Telling them not to jack up prices. Yet the government takes a massive chunk of the price before the oil company even has a look in.
I agree profit caps need to be in place to solar and wind whilst they are priced at gas prices as profits are huge there. It might spur them in to fight for a fairer deal where we pay for the type we use not all at the most expensive option.
10 Comments
Windfall taxes are an established thing and absolutely make sense here.
So does this interference in the free market also mean if they ever make a loss then the government will bail them out ?
So, am I right that I will have to establish an outsourcing firm to funnel profits there?
More than half of the price of petrol goes to the government, how about cut taxes if you want to put money in the pockets of citizens?
How about they cut the difference out of their fuel duty n vat until the market stabilise?
I mean it makes sense, frankly it shouldn’t be legal for any of the energy companies to give out bonuses unless they’ve reduced the prices that quarter.
Quite a few countries in Europe are acting already – mix of profit caps and tax cuts
https://in-cyprus.philenews.com/international/eu-governments-cut-fuel-taxes-oil-price-surge/
Any price rise needs to be linked to cost increases. Not this bullshit gorging that is happening in every industry. We need leadership, we need to get tough now, before this turns real nasty.
Or just remove the stupid way we set the price per Kw on electricity!?
LOWER FUEL DUTY the government is constantly making the energy companies out to be the bad guy. Capping profits. Telling them not to jack up prices. Yet the government takes a massive chunk of the price before the oil company even has a look in.
I agree profit caps need to be in place to solar and wind whilst they are priced at gas prices as profits are huge there. It might spur them in to fight for a fairer deal where we pay for the type we use not all at the most expensive option.