UK Energy Windfall Tax: Do Labour’s Figures Add Up?

May 23, 2022 | EARNINGS

Oil and gas transnationals have reaped unexpectedly high profits as western sanctions on Russia over its military operation in Ukraine have sent market prices soaring. But recent estimates are that a so-called ‘Robin Hood’ tax on energy firms would raise at most £1.95 billion — £70 for each of the 27.8 million households in the UK.

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