Tag Archives: windfall tax

9 June 2023 – today’s press release

  • HMICFRS report shows need for return to community policing
  • Softened windfall tax shows Government doesn’t care
  • Government’s mental health plans leave children in 3 in 4 primary schools without NHS support
  • Johnson Honours: Sunak’s so called integrity has been broken
  • Boris Johnson: “Good riddance”

HMICFRS report shows need for return to community policing

Responding to HM Inspectorate of Constabulary and Fire & Rescue Services (HMICFRS) State of Policing report, Liberal Democrat Home Affairs Spokesperson Alistair Carmichael MP:

Sadly, this report confirms what we already knew. The Conservatives have trashed our justice system, from decimating frontline policing to ignoring the courts backlog.

Too many people feel like justice is out of reach when they’re a victim of a crime. Public trust in our very institutions is at stake. The Home Secretary must commit to a return to community policing without delay.

Softened windfall tax shows Government doesn’t care

Responding to the news that Jeremy Hunt will soften the energy windfall, Liberal Democrat Leader Ed Davey MP said:

The families and businesses still suffering so much from high energy bills will not forget the failure of the Conservatives to tax the windfall profits of the oil and gas companies properly.

This out of touch Government has shown yet again that it doesn’t care about people struggling just to get by, or the small business clinging on.

This energy tax failure ranks as one of Rishi Sunak’s biggest personal failures as Chancellor and Prime Minister.

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23 May 2023 – today’s press releases

  • Debt Figures: Proof of more Govt economic mismanagement
  • Raab must stand down now and trigger by-election
  • Braverman: Sunak’s endless dither and delay must end now
  • Dentist Numbers: Sunak must correct the record

Debt Figures: Proof of more Govt economic mismanagement

Responding to the latest debt figures which show the UK borrowed more than expected last month, Liberal Democrat Treasury Spokesperson Sarah Olney MP said:

These figures continue to show the mess caused by the Conservative Government’s economic mismanagement. The British taxpayer is still feeling the hit from Liz Truss’ disastrous mini-budget.

It is frankly shocking that the Government has still not put people first by putting a proper windfall tax in place and reversing its unfair tax cuts for the big banks.

It is safe to say that the Conservatives can never be trusted to run our country’s economy ever again.

Raab must stand down now and trigger by-election

The Liberal Democrats have called on Dominic Raab to stand down now and trigger a by-election, warning that the people of Esher and Walton deserve better than a “bully MP who has thrown in the towel.”

It comes after the Liberal Democrats overtook the Conservatives to become the largest party on Raab’s local Elmbridge Council at the local elections on 5 May, gaining six councillors.

The Liberal Democrats topped the poll in the Esher and Walton constituency at the local elections, gaining 41% of the vote compared to 31% for the Conservative Party.

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10 March 2023 – today’s press releases

  • ONS: Economy still suffering consequences of Conservatives
  • BP boss pay doubles: Sunak must bring in bonus tax now
  • Lineker: Today is a reminder that we need a properly independent BBC
  • Lee Waters must apologise to Welsh nurses

ONS: Economy still suffering consequences of Conservatives

Responding to the latest ONS GDP figures from January 2023, Liberal Democrat Treasury Spokesperson Sarah Olney MP said:

These disappointing figures are yet another reminder that our economy is suffering under this Conservative Government, and people are feeling this under-performance in their own pockets.

The Conservative party has broken this country’s economy with record energy bills, rising food prices and soaring mortgage costs. Yet they are completely out of touch with people’s worries.

The Chancellor needs to take action in next week’s Budget by cutting people’s energy bills by £500, and putting in place a proper plan to get our economy growing fairly and sustainably.

BP boss pay doubles: Sunak must bring in bonus tax now

The Liberal Democrats have demanded that the government bring in a tax on the bonuses of oil and gas company bosses, following the news that the chief executive of BP’s pay doubled to £10m.

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1 November 2022 – today’s press releases

  • BP profits demonstrate utter incompetence of government
  • Hotels for migrants in non-Tory areas is “party first, country last” approach
  • Matt Hancock should lose his MP salary while he’s in the jungle

BP profits demonstrate utter incompetence of government

Responding to the news this morning that BP has announced £7.1bn in underlying profit, Liberal Democrat Treasury Spokesperson Sarah Olney said:

These profits demonstrate the complete and utter incompetence of this Conservative government. As families and pensioners across the country struggle to pay their energy bills, BP are posting unimaginable profits raking off the backs of hard-working people.

Liberal Democrats proposed a strong windfall tax over a year ago, yet the Conservatives have only attempted an incredibly weak version. Clearly, they’ve been too busy with their own chaos to act.

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27 October 2022 – today’s press releases

  • Shell profits: Lack of proper windfall tax an insult to families struggling to pay bills
  • Suella Braverman: Sunak must correct record if he misled Parliament
  • Shell rebate shows government’s windfall tax is failing
  • COP27: Rishi Sunak must not turn his back on progress

Shell profits: Lack of proper windfall tax an insult to families struggling to pay bills

Responding to Shell announcing £8.2bn ($9.5bn) in the third quarter, around double last year’s, Liberal Democrat Leader Ed Davey said:

The Conservative government’s refusal to properly tax these eye-watering profits is an insult to families struggling to pay their energy bills.

Even the CEO of Shell has admitted that oil and gas companies should be taxed more to help protect vulnerable households.

It’s time Rishi Sunak introduced a proper windfall tax and used the extra money to support people facing heart-breaking choices this winter.

Innocent families and pensioners should not be left to pick up the bill for this Conservative government wrecking the economy.

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Liberal Democrats table amendment to back-date windfall tax on oil & gas by £3bn

The Liberal Democrats have today tabled an amendment to backdate the government’s delayed windfall tax, raising an extra £3 billion from oil and gas giants to help with the cost of living.

The party is pushing for a vote on the amendment in Parliament today, putting pressure on Conservative MPs to back the move.

After months of calls from opposition parties, the Government announced an emergency levy on the super profits of North Sea oil and gas producers with effect from 26 May 2022.

The Liberal Democrats, who were the first party to call for a windfall tax in October 2021 have tabled …

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Ed Davey calls for Windfall Tax on energy companies to help people cope with rising prices

Ed Davey went on BBC Breakfast this morning to call for a windfall tax on energy companies as BP announced soaring profits for the first three months on this year. Funds raised would be used to give people who are struggling with high bills “a really big tax cut.” Ed said that the Conservatives were totally out of touch with what was going on in the country.

Posted in News and Op-eds | Also tagged and | 26 Comments

BP £10bn profits shows windfall tax is about “basic fairness”

Embed from Getty Images

Responding to the news that BP has made £10 billion in the past year following surging oil and gas prices, Liberal Democrat Leader Ed Davey said:

The truth is that this is about basic fairness. It simply cannot be right these energy companies are making super profits whilst people are too scared to turn their radiators on and terrified there will be a cold snap.

The government has said that a windfall tax would harm investment but this is an absolutely bogus argument. These profits

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