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Insider UK
Insider UK
Business
Peter A Walker

Windfall tax on oil and gas profits could ease cost of living crisis – Labour

Train ticket price rises and increases to water charges should be shelved with more targeted support to ease the cost of living crisis paid for by a windfall tax on gas and oil firms’ profits, Scottish Labour has said.

The party will lead a debate at Holyrood today calling for the Scottish and UK governments to support people affected by soaring living costs, which the party says will “devastate family finances”.

Among its demands, Scottish Labour wants a £400 payment targeted at households in financial difficulty that would be paid for by a “one-off windfall tax on increased oil and gas profits”.

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