Truss faces tough choice on energy company profits

Ireland News News

Truss faces tough choice on energy company profits
Ireland Latest News,Ireland Headlines
  • 📰 BBCScienceNews
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 53%

How will she deal with the issue if a windfall tax is off the cards?

Prime Minister Liz Truss is adamant she won't put a windfall tax on the energy companies, but she will need to address the issue of their huge profits.

That is a particularly pressing issue when the government is planning to spend tens of billions of pounds of taxpayers' money subsidising the nation's energy bills.We asked number 10 that yesterday and they told my colleague BBC Political Correspondent Helen Catt that they were "looking at reforming the UK energy market fundamentally".

"We're keen to work collaboratively with the government" on the issue, RenewableUK's CEO Dan McGrail said.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

BBCScienceNews /  🏆 87. in UK

Ireland Latest News, Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Newscast - PM Clues - BBC SoundsNewscast - PM Clues - BBC Sounds➡️ Truss clashes with Starmer in her first PMQs ➡️ Government prepares major energy announcement ➡️ Pound falls to lowest level against dollar since 1985 Hear more in the latest BBCNewscast
Read more »

Liz Truss to announce major plan on energy billsLiz Truss to announce major plan on energy billsLiz Truss will announce a major plan on energy bills tomorrow. PGMcNamara explains what consumers and businesses can expect.
Read more »

Liz Truss Says She Won't Tax Energy Firms' £170bn Profits To Ease Cost Of Living CrisisLiz Truss Says She Won't Tax Energy Firms' £170bn Profits To Ease Cost Of Living CrisisLiz Truss says she won't tax energy firms' £170bn profits to ease cost of living crisis
Read more »

Energy bills and generators' profits could be elevated for decades under Truss cost shieldEnergy bills and generators' profits could be elevated for decades under Truss cost shieldSky's Paul Kelso writes that in return for help with soaring bills now, households and businesses face a legacy of higher than average bills for many years to come.
Read more »

Truss set to freeze energy bills for two years, launch dash for North Sea gas and restart fracking to tackle crisisTruss set to freeze energy bills for two years, launch dash for North Sea gas and restart fracking to tackle crisisPrime Minister Liz Truss is set to freeze energy bills for two years, launch a dash for North Sea gas and restart fracking in a bid to tackle spiralling energy costs.
Read more »



Render Time: 2025-03-13 09:58:47