Labour reacts to Chancellor conceding the case for a windfall tax on oil gas firms

Ed Miliband MP, Labour's Shadow Climate Change and Net Zero Secretary,commenting on Rishi Sunak conceding the case for a windfall tax, said: 

"As energy prices for families rocket, Rishi Sunak’s words show that the government is simply running out of excuses to oppose a windfall tax on oil and gas companies.

“The truth is that oil and gas companies are spending their record profits on billions in dividends and share buybacks.

“All the while that the government resists a windfall tax, the British people pay the price in the energy bills crisis they face.  

“It’s time the government dropped their threadbare excuses, did the right thing and put a windfall tax on oil and gas producers to bring real help to the British people.”