Boris Johnson is “simply running out of excuses” to not impose a one-off windfall tax on oil companies, Labour has said.
Ahead of forcing a Commons vote on a windfall tax for North Sea energy profits, Ed Miliband said the money raised would be far more than originally expected and could be used to take £600 of household bills this autumn.
Labour released calculations that forecast North Sea oil and gas profits for this financial year would be greater than all UK households have paid in increased energy bills.
