Category: Centrica

Ed Miliband urges PM to close ‘Swiss cheese’ holes in windfall tax on energy firms

Shadow net zero secretary attacks Sunak’s ‘perverse’ policy as Shell and British Gas report soaring profitsBusiness live – latest updatesRishi Sunak has been urged to close the holes in his “Swiss...

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Labour calls for energy firms to pay more tax on £60m-a-day profits

Party wants greater taxation on North Sea profits to fund freeze on council tax for cash-strapped UK householdsAnalysis: does UK need to drill for more North Sea oil and gas?Energy companies are making £60m in profits a...

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Labour renews call for ‘proper’ windfall tax as Shell declares record £32.2bn profit – UK politics live

Ed Miliband says levy on energy companies should be increased after outrage at Shell announcementHere is a statement from Chris O’Shea, the chief executive of Centrica, which owns British Gas, on the Times report about a...

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Chancellor extends energy windfall tax to ‘low carbon’ generators

Jeremy Hunt proposes to raise £14bn by also raising levy to 35% and extending it by two yearsPolitics live – latest news and reaction on UK budget plansAutumn statement 2022: key points at a glanceJeremy Hunt hopes...

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British Gas owner plans to cap profits to cut energy bills

Exclusive: Centrica chief tells the Guardian he is keen for it to sign up to new contracts with government on electricity generationBritish Gas owner Centrica plans to voluntarily cap booming profits in an effort to cut...

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UK energy bills ‘set to cost two month’s wages’, ministers warned

TUC calls for October energy price cap rise to be cancelled as chancellor tells firms to invest ‘extraordinary profits’Ministers have been warned that energy bills will cost more than two month’s wages next...

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‘An insult’: huge profits at Shell and Centrica cause outrage amid soaring energy bills

Announcements come day after UK households warned average annual bills could hit £3,850 from JanuarySoaring profits at the energy companies Shell and Centrica have been described as an “insult” to millions of...

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