
Oil giant BP has posted its highest annual profit in eight years amid mounting pressure on the sector as the cost-of-living crisis deepens (Andrew Milligan/PA)
(Picture: PA Wire)One of the arguments against a windfall tax on BP is that we’d only be taking from ourselves.
Those billions it dishes out in dividends and share buybacks go to our ISAs and our pension funds, they say, a line of thought which assumes everyone has an ISA and a pension fund.