Tony Woodley

A massive windfall tax on the mega-profits of Shell and BP would be a vote-winner and the right thing to do – make them put something back to help with pensions.

Oh, well done. Major owners of BP and Shell shares are pension funds. So taxing the companies will reduce the returns to said pension funds which means that taxing them….well, it\’s not going to help pensions much, is it?

The utilities companies – gas, electric and water – which now have the cheek to threaten a 40% price increase, must be told that every extra penny they charge will returned to the country, again by a windfall tax.

Erm, coal is up, oil is up, gas is up, the renewables obligation adds massively to the utilities costs….and they\’re supposed not to raise prices? The water companies have ever more regulatory demands that they raise capital to invest in the systems and they\’re not to raise prices?

I\’d rather this bloke was taken out for beer and sandwiches rather than given the peace and quiet to come up with this sort of lunacy.

5 comments on “Tony Woodley

  1. If the prat can’t even see the difference between fact and theory. He has no business pontificating on science.

  2. Hmm, most strange. I left the above comment on a post about Moonbat. That post seems to have disappeared and replaced with this one.

    Tim adds: Sorry, me being a silly bugger with hte blog software. I’ll redo the Moonbat post.

  3. will returned to the country

    If you are interested in the poor consumer, why pass on the loot to a third party? If you think that the price rises are robbery, that would make the Treasury an accessory after the fact.

  4. And it’s not as if Shell and BP are particularly profitable anyway. Note that despite the huge increases in oil price, their share prices have not outperformed any of the others in the FT100 by any significant margin.

    And passing any “windfall” through the tender delights of HMG’s machine will guarantee that only a small proportion of it will get to the intended target.

  5. “And passing any “windfall” through the tender delights of HMG’s machine will guarantee that only a small proportion of it will get to the intended target.”

    And we have proof of that, since the largest recipient of windfall revenue from the oil price spike is.. HM Treasury.

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