[Chris LeBoutillier / Creative Commons]
PRESSURE is piling on PM Liz Truss to increase a windfall tax on fossil fuel giants after the EU announced plans for a tougher levy on their record-busting profits.
Under plans announced by the bloc on Wednesday, fossil fuel extractors could be required to make a “solidarity contribution” covering 33 per cent of their taxable surplus profits for the 2022 fiscal year.
Ms Truss has ruled out extending the 25 per cent levy imposed on British-based firms last year.
Burnham urged to stand up to the fossil fuel giants and reject plans to drill Britain’s largest untapped oil fields
As fossil fuels have had their day, JOSIE MIZEN makes it clear that it is now the government’s responsibility to initiate the transition to alternative employment in a manner that is organised, efficient and effective