Tag Archives: fuel prices

Liberal Democrats demand “Robin Hood tax” on oil and gas super-profits

By NewsHound | Thu 6th January 2022 - 1:01 pm

Liberal Democrat Leader and former Energy Secretary Ed Davey has called for a “Robin Hood” tax on the super-profits of oil and gas firms to raise money to support millions of families facing soaring energy costs.

The proposed one-off levy would raise an estimated £5 billion from companies that are making record profits from soaring energy prices. This would be used to support vulnerable families facing a crippling 50% increase to their energy bills.

Earlier this week it emerged that Russian energy giant Gazprom’s trading arm, based in London, has cashed in a £179 million dividend. Meanwhile, the boss of BP has described his company as a ‘cash machine’ after soaring oil and gas prices boosted its profits to £2.4 billion in the third quarter of 2021 alone.

Michael Moore MP’s Westminster Notes

By Michael Moore | Fri 14th September 2012 - 11:21 am

Cabinet reshuffle

Last week I was honoured to be re-appointed as Scottish Secretary by the Prime Minister as he conducted his first re-shuffle of the UK Government cabinet since the 2010 election. Combining this with my responsibilities as Borders MP has been a great privilege over the last two years and I am looking forward to continuing to serve Borderers and Scots in these two roles.

There is no doubt that Scotland currently faces many challenges in terms of the economy, growth and jobs and I am committed to getting the best deal for Borderers and all other Scots, as MP and …