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Exclusive: Scottish Tory MPs Are Urging Rishi Sunak Not To Introduce A Windfall Tax

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12.05.2022

The chief executive of BP has said a windfall tax would not affect its investment plans

A senior Tory MP has called on Rishi Sunak to reject calls for a windfall tax on the profits of oil and gas companies to help tackle the cost of living crisis.

Andrew Bowie, a former Conservative Party vice-chairman, told HuffPost UK the move would lead to job losses in the North Sea.

The West Aberdeenshire and Kincardine MP said it was the “consensus view” among all of his Scottish colleagues that a windfall tax was a bad idea.

His comments came as it was reported that the chancellor had ordered Treasury officials to assess the impact of a windfall tax, amid growing speculation the government will bring one in.

The government has repeatedly rejected calls from........

© HuffPost


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