Rishi Sunak is preparing to impose a windfall tax on North Sea oil companies to help consumers with the cost of living crisis.
The under-fire Tory chancellor has reportedly asked officials to look at the Labour party idea to raise billions to help with energy bills this winter.
Tory Ministers have opposed the demand from Labour’s Keir Starmer but with a chorus of voices, from poverty campaigners to energy company executives, calling for action the Treasury is considering the plan.
