Letter: Read his lips: no fair taxes

Graham Armitage
Wednesday 22 January 1997 01:02 GMT
Comments

Sir: The term "windfall tax on the utility companies," to describe a supposedly painless way of raising revenue by a Labour government, is a misnomer. Its name should be the Utility Customer Tax because the companies, to maintain their investment programmes and dividends, will eventually pass on "windfall tax" bills to customers.

GRAHAM ARMITAGE

Pity Me, Durham

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