Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source

In my book, there is not a lot to recommend Mr. Boris Johnson but he has, under pressure, done one positive thing recently, which was to introduce a windfall tax on the super-profits being made by energy companies. Companies like BP, Shell and others have seen their profits triple while ordinary people are being crucified by the cost of heating and energy. Under pressure, Mr. Johnson was forced to introduce a 25% windfall tax on energy companies. However, this Government resists such a windfall tax even though our energy companies also recorded spectacular and record profits while simultaneously increasing the price of energy by 46% over the past year. Between May 2021 and May 2022, energy costs have gone up 46% for ordinary people. This means that huge numbers are literally struggling to feed their children and pay their bills. The Government continues to resist the call we have repeatedly made for the imposition of a windfall tax, as has been done in the UK, on the profits of energy companies and to use that money to protect ordinary working people and low income households from the ravages of the cost-of-living crisis.

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