Calls are mounting for a windfall tax on fossil fuel firms to help households through the energy crisis, after they reported record profits this month.
Calls are growing for a windfall tax on energy giants, with Labour and Liberal Democrat MPs arguing that while households are being hit with sky-high energy bills, the companies which extract that gas are reporting massive profits, PA reports.
It comes as oil giant BP posted its highest annual profit in eight years amid mounting pressure on the sector as the cost-of-living crisis deepens.
