Windfall Tax debate

It’s very clear that the big energy companies have been making what can only be described as obscene gains as the energy crisis has been developing. Those companies have made record profits since the ‘energy crisis’ began early this year. That means that they have used the rise in their costs as an excuse to increase the price to the consumer more than they need to, almost in an arbitrary way.

This I completely oppose; it is immoral, and I do fully support a windfall tax. This is a temporary solution and the long-term solution, which I have called for over the years, is to nationalise the energy industry, which is a natural monopoly.

I will continue to advocate in Parliament and beyond that we must in the short term, have a windfall tax, and in the long run, nationalise all the natural monopolies.