Oh God ... at least John Hutton shows a glimmer of commonsense.
The point is, the gummint has already had plenty of windfall taxes on the back of rising oil and gas prices:
The British Chambers of Commerce reckoned the annualised extra revenues would be over £4 bn on petrol alone, let's add on 50% for domestic fuel (only 5% VAT) and double it for additional corporation tax, which is 48% on North Sea oil and gas production = £12 bn.
That's £500 per household, for f***'s sake!
We could scrap the extra £70 per household for 'green' subsidies while we're at it.
Greek Irony
8 hours ago
