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Evening Standard
Evening Standard
World
Sami Quadri

Shadow chancellor Rachel Reeves claims energy firms are making ‘war profits’

Rachel Reeves Faisal Islam Russia Ukraine Gas Prices Oil

Shadow chancellor Rachel Reeves has accused energy firms of making “war profits” from the surge in oil and gas prices following Russia’s invasion of Ukraine.

Ms Reeves said that companies should be “taxed properly” in order to help people deal with the cost-of-living crisis amid rising energy bills.

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