Shell profits: Lack of proper windfall tax an insult to families struggling to pay bills

Responding to Shell announcing £8.2bn ($9.5bn) in the third quarter, around double last year’s, Liberal Democrat Leader Ed Davey said:

“The Conservative government’s refusal to properly tax these eye-watering profits is an insult to families struggling to pay their energy bills.

“Even the CEO of Shell has admitted that oil and gas companies should be taxed more to help protect vulnerable households.

“It’s time Rishi Sunak introduced a proper windfall tax and used the extra money to support people facing heart-breaking choices this winter.

“Innocent families and pensioners should not be left to pick up the bill for this Conservative government wrecking the economy.”
ENDS