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    Midlands Radio

windfall tax

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Eight Million Low Income Households To Receive One-Off £650 Payment

Rishi SunakMore than eight million low income households are set to receive lump-sum payments worth up to £650 to help with the cost of living crisis.Rishi Sunak announced an emergency £15billion worth of support to help the poorest households and provide energy discounts for all.He also performed a screeching U-turn by introducing a temporary windfall tax on oil and gas giants.The chancellor said the levy would raise around £5 billion over […]

today26 May 2022 10

boris johnson

All The Times Tory Ministers Said A Windfall Tax Was A Bad Idea

The Tory cabinet is about to make another U-turn announcement todayThe chancellor is expected to reveal a windfall tax on Thursday in a bid to ease the cost of living crisis, even though the Tories have been shouting down the proposal for weeks.The one-off levy is likely to fund a new support package and help households facing a huge squeeze on the finances due to inflation, increasing energy bills and […]

today26 May 2022

boris johnson

Analysis: How Calls For A Windfall Tax Have Exposed Deep Splits In The Tory Party

Voters are seeing their energy bills soarFew issues in recent years have done more to expose the Conservatives’ ideological confusion than how best to respond to the cost of living crisis.At the 2019 general election, Boris Johnson secured an 80-seat majority by managing to unite traditional Labour voters in the north with old-school Tories in the south, thanks largely to his pledge to “get Brexit done”.As a result, the prime […]

today23 May 2022

cost of living

Exclusive: Tory MPs Pile Pressure On Rishi Sunak To Ease The Cost Of Living Crisis

Tory MPs Pile Pressure On Rishi Sunak To Ease The Cost Of Living CrisisIf Rishi Sunak had any doubts that the shine has gone off his reputation among Tory MPs, the last few weeks will have removed them entirely.Once seen as Boris Johnson’s heir apparent, the chancellor saw his popularity nosedive recently over an underwhelming Spring Statement and revelations about his wife’s tax affairs.HuffPost UK has learned that Sunak has […]

today21 May 2022

boris johnson

Boris Johnson Rules Out Windfall Tax On Oil Companies Despite Bumper BP Profits

Boris Johnson and Rishi Sunak are at odds over a windfall tax.Boris Johnson has ruled out imposing a windfall tax on oil and gas companies - despite BP posting bumper profits this morning.The oil giant announced an underlying profit of £5bn, more than double last year’s figure and their biggest surplus in over a decade, thanks to soaring oil prices.But the prime minister rejected calls from opposition parties to impose […]

today3 May 2022