Bid to abandon windfall tax and hand even bigger profits to super-rich energy firms is..OBSCENE

Proposed end to cash clawback by Tories sparks consumer outrage

- GRAHAM HISCOTT

A TORY bid to scrap the windfall tax and hand even bigger profits to bloated energy giants has been blasted as obscene.

It was introduced after war in Ukraine sent prices soaring.

The likes of BP and Shell made huge extra profits while families were punished with massive bills as a result.

The levy raised the tax on North Sea producers from 40 per cent to 75 per cent and used the proceeds to subsidise struggling consumers.

Yesterday the Treasury confirmed the rate is set to revert to 40 per cent.