Shell Profits: Sunak has failed to take action with a proper Windfall Tax

EMBARGO: Immediate Release

Responding the energy giant Shell making record profits of over £68 billion in 2022, Liberal Democrat Leader Ed Davey MP said:

“No company should be making these kind of outrageous profits out of Putin's illegal invasion of Ukraine.

“Rishi Sunak was warned as chancellor and now as Prime Minister that we need a proper windfall tax on companies like Shell and he has failed to take action.

“Families across the country are struggling to heat their homes and feed their families and this government turns round and says, there is nothing we can do.

“They must tax the oil and gas companies properly and at the very least ensure that energy bills don’t rise yet again in April.”

ENDS

Notes to Editor

Reported here.