As everyday gas and electricity bills continue to soar for ordinary people, the revelation that some of the big energy companies are making huge profits has left a nasty taste in the mouth. It has led to increasing calls for a one-off tax on massive firms such as BP and Shell to tackle the cost of living crisis.
Opposition parties in parliament are demanding the Government take urgent action. In response, Prime Minister Boris Johnson has said that "no option is off the table". Others claim that the best way to help struggling families is to force the UK energy providers to slash bills.
The Chancellor Rishi Sunak has previously voiced his reluctance to introduce a windfall tax on oil and gas firms, however, it is reported that it is a move that is becoming increasingly likely. There is some speculation that it could also be applied to electricity companies.
