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.