Two Cabinet ministers on Saturday voiced their opposition to imposing a one-off windfall tax on the profit of oil and gas companies to help address the cost-of-living crisis.
Ministers have so far resisted the push from Labour and the Liberal Democrats to introduce the levy, which would add another 10 percent to the corporation tax on the companies’ profit on top of the 40 percent they have been paying, but have also refused to rule it out.
Addressing the Welsh Conservative conference on Saturday, Health Secretary Sajid Javid said he “instinctively” doesn’t like the idea and that the government has to be “really careful.”…