Energy giants’ profits ‘not evil’, says Liz Truss as industry demands windfall tax ditched by 2025

Tory leadership favourite says windfall taxes ‘all about bashing business’

Adam Forrest
Friday 12 August 2022 16:27 BST
Truss wrongly says Cheltenham hustings are in Derbyshire instead of Gloucestershire

Conservative leadership favourite Liz Truss defended the energy giants’ huge profits, insisting that they should not be seen as either “dirty or evil”.

It comes as the oil and gas industry chiefs urged Truss and her rival Rishi Sunak to scrap the windfall tax on profits as soon as possible – and not to extend it beyond 2025.

Truss – who is resisting opposition calls to expand the windfall tax – said: “I don’t think profit is a dirty word. And the fact it’s become a dirty word in our society is a massive problem.”

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies


Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in