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.
This story is from the June 10, 2023 edition of Daily Record.
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This story is from the June 10, 2023 edition of Daily Record.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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